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In March, a top industry association urged the auto industry and authorities to cool the ‘price-cut hype’ to ensure the healthy and stable development of the industry.

In line with that legislation, one element of Lilly’s price-cut announcement is a cap of $35 per month on out-of-pocket charges for insured customers.

Last week, Biden took credit for Eli Lilly’s price-cut move and called on other drugmakers to follow.

The price-cut agreement comes with a bonus: Top American oncologists will simplify complex cancer-treatment guidelines for underequipped African hospitals, and a corps of IBM programmers will build those guidelines into an online tool available to any oncologist with an internet connection.

John Young, president of Pfizer’s essential health group, said the price-cut deal differs from Pfizer’s charitable donations, like the 500 million antibiotics doses it provided to help eliminate the eye disease trachoma.