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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.
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Drug firm bosses call for price increases in Europe amid tariff uncertainty

The boss of AstraZeneca said Europe should increase spending on health treatment in line with recent commitments on defence.

·London, United Kingdom
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Medscape broke the news in United States on Wednesday, April 23, 2025.
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