00:00Today, I'm pleased to announce that after extensive negotiations, EMD Sereno, the largest fertility drug manufacturer in the world, has agreed to provide massive discounts to all fertility drugs they sell in the United States, including the most popular drug of all, the IVF drug, Gonal-F.
00:21So it's Gonal-F. Is that a proper pronunciation? Close enough, right?
00:25Gonal-F. As part of this agreement, EMD Sereno will list their fertility drugs online at TrumpRx.gov at very, very heavily reduced prices, prices that you won't even believe.
00:40And ultimately, that's because of the favorite nations.
00:43In addition, the FDA will work with the company to expedition, review and approval of another common fertility IVF drug.
00:52And currently, it's selling in Europe. It's Pergoveris.
00:58Pergoveris. And that's a sound, the United States name. Pergoveris.
01:03Why can't you name them nice, simple names?
01:07Nice, easy names. Doesn't matter.
01:09If it works, that's all we care about, right?
01:13Upon approval, this drug would directly compete against a much more expensive option that currently has a monopoly in the American market.
01:20And this will bring down costs very significantly.
01:24And the other one's going to have to come down too.
01:26Finally, EMD Sereno has agreed that all future drugs and everything that it develops and sells in the United States will be offset at most favored nation prices.
01:38I've been after this for a long time.
01:41And we started the process in the last administration.
01:44And then we had a little thing called COVID that came up.
01:47We had to focus on that.
01:48Did a good job on that, too.
01:50And they'll bring a significant portion of their drug manufacturing back to the United States.
01:54So they're going to bring it largely back into the United States.
01:57And that's for a lot of reasons.
01:59But primarily because of the election result, November 5th.
02:03And maybe most importantly because of the tariffs, because if they do it here, there are no tariffs.
