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Abbvie, US reach agreement to cut drug prices

By Thomson Reuters Jan 12, 2026 | 5:59 PM

Jan 12 (Reuters) – Abbvie reached ‍a three-year agreement with U.S. President ‌Donald ‌Trump’s administration to provide low prices in ​Medicaid through ‍TrumpRx, ​and pledged $100 ​billion over ‍the next decade for research and ‍development in the U.S., ‍the ‍company ​said ​on ⁠Monday.

(Reporting by ‌Ruchika Khanna in Bengaluru; Editing by Chris ⁠Reese)