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Home » Transcript: Trump Takes Questions From Reporters After Call With Russia’s Putin

Transcript: Trump Takes Questions From Reporters After Call With Russia’s Putin

President Trump announced increased access to IVF, fertility drugs and takes questions from reporters, October 16, 2025. Following is the full transcript of the press event:

President Trump Announces Historic IVF Access Initiative

PRESIDENT TRUMP: Thank you very much. This is very exciting, what we’re doing. I want to thank everybody for being here, and I want to thank this group of people. They’re incredible people. We just had a call, as you know, with President Putin. I thought it was a very good call, so we’ll talk about it maybe later. But it went very well.

We’re here today to announce a historic victory for American women, mothers, and families. With the actions I will outline this afternoon, we will dramatically slash the cost of IVF and the treatment and many of the most common fertility drugs. For countless millions of Americans, prices are going way down, way, way down.

I want to thank Libby Horne, who is the Senior Vice President of Fertility of EMD Serono. So I want to thank you. Let’s see here. That’s what I thought. I thought it was you. Thank you, Libby, very much.

Acknowledging Key Administration Officials

And let me also thank the Secretary of Health and Human Services, Robert F. Kennedy, Jr., whose wife destroyed the people in “The View” yesterday. I have to say that she’s, I’m not going to ever get into an argument with her. And you’ve decided you learned that a long time ago. She did a great job, actually.

Secretary of Commerce Howard Lutnick. Thank you, Howard. Secretary of Labor Lori Chavez-DeRemer. Thanks, Lori. Howard. Thanks. Secretary of the U.S. Administrator Dr. Mehmet Oz, a fantastic guy and he’s done really well. FDA Commissioner Marty Makary. Thank you, Marty.

Senator Katie Britt, who got me started with this whole thing when she called up to say there was a bad ruling by a judge, right? “We’ve got to do something, sir.” And we did. We did it very quickly. Probably in 24 hours, it was done.

Congressman Richard Hudson, a great guy, and his wife, Renee. Richard and Advocate Samantha Bush, a very respected person.

The High Cost of Fertility Treatment in America

For years, American couples struggling with infertility have faced crushing costs in their quest to start a family. And IVF is among the most expensive treatments of all. A single round of IVF in the United States can cost up to $25,000, can actually go a lot higher than that. And many couples require multiple rounds for a successful pregnancy.

A major reason for these high prices is the excessive cost of the drugs involved. The number one fertility drug used in IVF is currently 700 percent more expensive in the United States than the rest of the world. And you know, we’re ending all of that. It’s called favored nations and we’re ending it and we’re ending it pretty fast.

Nobody thought we’d be able to do it. And we’ve done it. Drugs are going to come down. Drug prices are coming down 400 percent, 200 percent, 600 percent. Numbers that nobody’s ever seen before. Great for Medicare, Medicaid, even Social Security. Great for everything, I think, Dr. Oz. So that’s something that’s, to me, very exciting. I’m bugging him and Bobby all the time. How are we doing with that? And we’re doing really good, Bobby. It’s really going good.

Other countries are agreeing to it because if they don’t, we put tariffs on them and then they agree. So it’s amazing. It’s amazing how that worked out.

Favored Nations Policy: Dramatic Price Reductions

But as an example, in London, you’d buy a certain drug for $130 and even less than that, I guess, $88 as of a count a month ago. And in New York, you pay $1,300 for the same thing. So now we’re going to be paying, instead of $1,300, you’ll be paying about $150. And they’ll be paying $150, too. We’re going to pay the same thing. Favored Nations. It’s beautiful. It’s a beautiful thing. We’ve been ripped off by the whole world for a long period of time.

One of the most popular fertility drug regimens cost over $5,000 per cycle, as an example. Well, largely as a result of these unsustainable prices, 70% of the employers do not offer insurance that covers IVF. Therefore, most couples with fertility challenges are paying these costs entirely out of their own pockets, which is not really possible to do.

Oh, look who we have. Look at that. The great Maria Bartiromo. I didn’t know. Did you get put into the regular pool pack? That’s very good. Yeah. That’s good. Nice to see you. I’m doing an interview with her in a little while.

In the Trump administration, we want to make it easier for all couples to have babies, raise children, and start the families I’ve always dreamed about.

That’s why today I’m pleased to announce that, after extensive negotiations, EMD Serono, 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 drugs, Gonal-F. So it’s Gonal-F. Is that a proper pronunciation? Close enough, right? Gonal-F.

As part of this agreement, EMD Serono will list their fertility drugs online at trumprx.gov at very heavily reduced prices, prices that you won’t even believe. And ultimately, that’s because of the favorite nations.

In addition, the FDA will be working with the company to expedite review and approval of another common fertility IVF drug, and currently it’s selling in Europe. It’s Pergoveris. Pergoveris. And that’s a nice name. Pergoveris. Why can’t you name a nice, simple name? A nice, easy name. It doesn’t matter. If it works, that’s all we care about, right?

Upon approval, this drug would directly compete against a much more expensive option that currently is a monopoly in the American market, and this will bring down costs very significantly.