Drug manufacturers Novo Nordisk and Eli Lilly have reached a deal with the Trump administration to drop prices on wildly popular obesity drugs for Medicare, Medicaid and private-pay Americans, the president announced Thursday.

The deal cut with the two companies will reduce consumer cost of Zepbound and Wegovy, as well as pill forms of two other GLP-1 obesity drugs. The New York Times reported that obesity drugs in pill form are expected to win regulatory approval in coming months.

“The lowest price, of $150 a month, will be available only for the lowest doses of the pill form of the drugs. When those drugs reach the market, Medicare and Medicaid will pay that price, as will Americans using their own money to buy the pills directly from manufacturers,” the Times reported.

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