President Trump Participates in a Health Care Affordability Event

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TARRYTOWN, N.Y., April 23, 2026 (GLOBE NEWSWIRE) -- Regeneron Pharmaceuticals, Inc. (REGN.NaE) today announced an agreement with the U.S. government to help lower prices of several of its current and future life-changing medicines and offer an important new medicine for free in the U.S., ensuring American patients gain broader access to innovative treatments.

Regeneron leaders and co-founders Leonard Schleifer, M.D., Ph.D., and George Yancopoulos, M.D., Ph.D., joined President Donald J. Trump and members of his Administration at the White House to discuss the new agreement, through which Regeneron has addressed the four requests set forth in the President’s July 31st letter with existing and new programs.

"For too long, American patients and taxpayers have shouldered a disproportionate share of the cost of biotechnology innovation — effectively subsidizing lower drug prices for other high-income nations that have not been paying their fair share,” said Dr. Schleifer, Board co-Chair, President and Chief Executive Officer of Regeneron. “Vilifying the biopharma industry has not produced lower prices for Americans, nor has it generated more innovation. For more than a decade, we have argued that the most direct path to meaningful relief for American patients depends on getting other high-income countries to finally contribute their fair share to the cost of the breakthroughs they rely on just as much as we do. We hope that today’s agreement, coupled with effective trade policy, will lead to closer equilibration of prices around the globe while preserving innovation and lowering prices for Americans.”

As part of the agreement, Regeneron will lower Medicaid prices based on those in other developed countries and will align U.S. prices of future medicines with prices set in that defined group of other countries. Regeneron will also utilize the TrumpRx.gov platform to allow eligible patients to directly purchase Praluent® (alirocumab), Regeneron’s PCSK9 inhibitor medicine, at the most-favored nation price.

Additionally, Regeneron will offer its gene therapy Otarmeni™ (lunsotogene parvec-cwha, formerly known as DB-OTO), which was recently approved by the U.S. Food and Drug Administration, for free in the U.S. to treat people with severe to profound and profound hearing loss due to variants of the otoferlin gene.

"Discovering and developing transformative new medicines is among the most challenging endeavors in all of science, and among the most consequential for addressing the cost and burden of disease. It demands that we invest deeply in the biotech ecosystem that has the power to push the boundaries of what is possible, not just incrementally, but boldly,” said Dr. Yancopoulos, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Otarmeni, our first-of-its-kind gene therapy for a form of genetic hearing loss, is a powerful reminder of what becomes possible when brilliant minds have the resources and freedom to pursue difficult challenges. Our decision to provide Otarmeni for free in the United States serves to highlight our belief that the biopharmaceutical industry can be a genuine force for good in the world."

Regeneron will not be subject to future pricing mandates and will receive tariff relief for three years through an agreement with the U.S. Department of Commerce under which Regeneron has committed to certain activities and investments to support R&D and manufacturing in the U.S. Regeneron is one of the largest manufacturers of biologics in the world and has already committed over $9 billion of U.S.-based manufacturing and R&D infrastructure investments in coming years.

Additional terms of the agreement remain confidential.

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