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.