Pharma bosses call for higher drug prices in EU to counter tariff threat
- Pharmaceutical firm leaders are urging the European Union to raise medicine prices due to tariff uncertainties and competition from the US market.
- The companies warn that Europe risks losing research and development investments if it continues to spend less on innovative medicines than the US.
- Pascal Soriot, CEO of AstraZeneca, states that Europe needs to invest in health to protect its health sovereignty, similar to its recent defense spending increases.
- The executives stress that radical policy changes are needed to prevent medicine production from moving from Europe to the US or other fast-growing economies.
24 Articles
24 Articles
Economist Stephen Moore: China and the EU need to pay their fair share
Economist and Unleash Prosperity Co-Founder Stephen Moore blasts China for stealing our technology, vaccines, and inventions. “Other countries do that too by the way, and that’s just not fair. I mean, the Europeans, they don’t pay their fair share of the drug cost when we invent new drugs,” he points out. “So we got to get tough with these countries and say, ‘Pay your fair share’.”
Big Pharma asks Europe to increase drug prices: “Duties accelerate the exodus to the United States”
Pharmaceutical companies have announced investments of 150 billion in the United States after the tariffs, write the CEOs of Sanofi and Novartis. According to Astrazeneca, “The EU has increased defense spending, now it must support its health sovereignty.”
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