Medicines are seen in this illustration taken, June 27, 2024. REUTERS/Dado Ruvic/Illustration
SHANGHAI (Reuters) -Australia will "not compromise" on its policy to subsidise the cost of some medicines, the government said on Wednesday, after U.S. President Donald Trump's executive order to lower domestic drug prices roiled the global pharmaceutical industry.
The Trump administration wants to reduce the gap between U.S. drug prices and those in other developed countries, including many in Europe, where prescription drugs cost, on average, one-third of the cost in the U.S.
