economy
April 4, 2026
Europeans must pay more for medicines amid price cuts in US, Bayer warns
German pharma giant Bayer says Europeans must pay more for medicines as drugmakers are forced to lower prices in the US
TL;DR
- Bayer warns that European drugmakers must raise prices on new medicines.
- This is to offset pressure from the US to lower drug costs for Americans.
- US President Trump's executive order aimed to benchmark US drug prices against other countries.
- Some drugmakers have made deals with the US for price cuts in exchange for tariff relief.
- Bayer's pharmaceuticals head, Stefan Oelrich, is in talks with European governments for higher prices.
- New drug launches in Europe have dropped significantly since Trump's order.
- Some companies have withdrawn products from the European market.
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