A woman was killed on Saturday when a car rammed into a crowd protesting against a white supremacist rally.
Following the death, Mr Trump was criticised for not specifically denouncing the far right.
Ken Frazier tweeted: "I feel a responsibility to take a stand against intolerance and extremism."
"America's leaders must honour our fundamental views by clearly rejecting expressions of hatred, bigotry and group supremacy, which run counter to the American ideal that all people are created equal."
In response, Mr Trump tweeted that Mr Frazier would now have "more time to lower rip off drug prices".
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