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LeBlanc, Michel meet with pharma sector as U.S. buckles down on cutting drug prices

U.S. President Donald Trump is pushing the sector to negotiate for drug prices similar to those in Canada, which could impact whether companies choose to list their medicines here.

Canada-U.S. Trade Dominic LeBlanc, left, and Health Minister Marjorie Michel met on Feb. 23 with Innovative Medicines Canada and pharmaceutical firm representatives to discuss the U.S.’s most favoured nation approach, and the upcoming Canada-United States-Mexico Agreement review.The Hill Times photographs by Sam Garcia and Andrew Meade

BY TESSIE SANCI

March 8, 2026

United States President Donald Trump’s efforts to reset how pharmaceutical firms negotiate drug prices with his government—and the consequences for countries including Canada—were recently discussed at an in-person meeting between pharmaceutical representatives, Canada...

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