financetom
Business
financetom
/
Business
/
Swiss pharma companies likely to follow Pfizer-U.S. price deal, says business lobby
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Swiss pharma companies likely to follow Pfizer-U.S. price deal, says business lobby
Mar 10, 2026 8:23 PM

GENEVA, Oct 1 (Reuters) - Swiss pharma companies are

likely to follow Pfizer's ( PFE ) price deal with the U.S. following a

demand from President Donald Trump's administration for lower

drug prices, the head of a major Swiss chemical and

pharmaceutical industry association said on Wednesday.

Pfizer ( PFE ) and Trump said on Tuesday they had agreed a

deal in which the U.S. firm would lower prescription drug prices

in the Medicaid program to match those it charges in other

developed countries in exchange for tariff relief.

Stephan Mumenthaler, director general of Scienceindustries -

which represents around 250 Swiss chemical and pharmaceutical

companies - told Reuters he expected announcements of

"mini-deals" to come one by one in the coming days and weeks

from Swiss and global pharmaceutical companies.

"They are thinking in similar schemes...How can you omit the

margins that middlemen are taking away so that you basically

have a similar price than before, but the end consumer still

gets a lower price," he said in a video call from Basel.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stellantis to Recall Almost 285,000 Vehicles Over Air Bag Issue, NHTSA Says
Stellantis to Recall Almost 285,000 Vehicles Over Air Bag Issue, NHTSA Says
Mar 22, 2024
09:54 AM EDT, 03/22/2024 (MT Newswires) -- Stellantis ( STLA ) is recalling almost 285,000 vehicles over right and left side curtain air bag inflators that might rupture because of a manufacturing defect, according to documents posted on the website of the National Highway Traffic Safety Administration. The recall covers certain Dodge Charger and Chrysler 300 vehicles from model years...
Novartis Says EU Regulator Panel Recommends Marketing Authorization for Fabhalta to Treat Blood Disorder
Novartis Says EU Regulator Panel Recommends Marketing Authorization for Fabhalta to Treat Blood Disorder
Mar 22, 2024
09:55 AM EDT, 03/22/2024 (MT Newswires) -- Novartis ( NVS ) said Friday the European Medicines Agency's Committee for Medicinal Products for Human Use is recommending a marketing authorization for Fabhalta to treat people with paroxysmal nocturnal hemoglobinuria, a rare blood disorder. The committee's positive opinion was based on results from a late-stage trial showing superior hemoglobin improvement in the...
Update: BlackRock Urges Texas School Fund to Reconsider Decision to Pull $8.5 Billion in Assets
Update: BlackRock Urges Texas School Fund to Reconsider Decision to Pull $8.5 Billion in Assets
Mar 22, 2024
09:52 AM EDT, 03/22/2024 (MT Newswires) -- (Updates with attribution to the company throughout.) BlackRock ( BLK ) urged the Texas Permanent School Fund Thursday to reconsider its decision to terminate its contract and pull $8.5 billion in assets. We urge you to reconsider your decision and prioritize Texas schools and families who have benefited from BlackRock's ( BLK )...
Exxon executive says working to minimize sustainable aviation fuel costs
Exxon executive says working to minimize sustainable aviation fuel costs
Mar 22, 2024
CHICAGO, March 22 (Reuters) - Exxon Mobil ( XOM ) Senior Vice President Jack Williams said cost is the big negative for sustainable aviation fuel and the company is working to lower costs at a conference near Chicago on Friday. Williams described the Biden administration's Inflation Reduction Act as the catalyzing action for biofuel production as well as carbon capture...
Copyright 2023-2026 - www.financetom.com All Rights Reserved