Pfizer CEO says Trump's executive orders overhauling U.S. drug pricing will upend the industry

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Pfizer CEO says Trump's executive orders overhauling U.S. drug pricing will upend the industry
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Pfizer CEO says Trump's executive orders overhauling drug pricing will upend the industry.

designed to bring U.S. drug prices at least on par with their costs overseas.

Company spokeswoman Amy Rose later emailed CNBC to clarify that Bourla meant to say the orders were an "enormous distraction" for drugmakers working on coronavirus vaccines. A transcript service from data provider FactSet quoted Bourla, who is Greek and speaks with an accent, as saying the new orders would create "enormous disruption" in the industry.

Pfizer and German biotech company BioNTech said they began their late-stage human trial for a potential coronavirus vaccine on Monday.

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