As confirmed cases of the coronavirus continue to rise, President Donald Trump has quickly embraced the pharmaceutical industry he once vilified for its high prices. The industry has, in turn, jumped on the opportunity.
COVID-19 has killed at least 19 in the U.S. and infected more than 400. It’s also rattled the stock market that Trump will likely use as the centerpiece of his reelection campaign in 2020.
The crisis is throwing together the pharmaceutical industry and Trump as unlikely bedfellows: The pharma industry is seeking to get back in the administration’s good graces, while Trump is hoping it will help stop the damage.
On Monday, Trump hosted executives from Gilead Sciences, Regeneron Pharmaceuticals, Moderna, GlaxoSmithKline, Pfizer, Johnson & Johnson and Sanofi to discuss efforts to create a vaccine and therapeutics.
“Today, we are meeting with the pharmaceutical and biotechnology companies — the biggest in the world, most prestigious, the ones that get down to the…