1srelluc
Diamond Member
PRESS: AstraZeneca warns it could delay Europe drug launches - FT | Financial News
PRESS: AstraZeneca warns it could delay Europe drug launches - FT | Financial News
www.lse.co.uk
AstraZeneca PLC could be forced to withhold new medicines from the UK and Europe unless governments pay more for innovative drugs, Chief Executive Officer Pascal Soriot told the Financial Times in an interview published on Saturday.
Soriot said AstraZeneca would have little choice but to prioritise the US market if pricing in Europe remained too low.
"It's sad and it's heartbreaking but we would have no choice," Soriot told the FT. "I have to take care of patients but I also have to take care of our shareholders and generating enough revenue so we can reinvest in our R&D and invest in new medicines."
According to the report, global pharmaceutical companies have signed so-called 'Most Favoured Nation' agreements with the Trump administration, under which certain drug prices in the US cannot exceed those charged in Europe, Japan and Canada.
I just figured I'd get "Trump's Fault" out of the way early.
So the issue is that those countries are unwilling to pay what we do? Yeah, that's not something I feel a ton of sympathy over.
No worries Euro Scro, you are free to develop whatever drugs you want in Europe, Africa, or wherever.
