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flag President Trump signs executive action to lower drug prices, set to take effect in 2027.

flag President Trump signed an executive action to lower prescription drug prices for Americans, focusing on delivering lower prices to seniors and improving the Medicare drug price negotiation program. flag The action directs the FDA to streamline approvals for lower-cost generics and biosimilars and aims to balance drug negotiation between small molecule and biologic drugs. flag However, the lower prices negotiated won't take effect until 2027.

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