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US ‘strikes price cut deal’ with Swiss pharma giants

The United States has struck a deal with Swiss pharmaceutical giants Novartis and Roche to lower drug prices, according to media reports. +Get the most important news from Switzerland in your inbox The deal is expected to be made public on Friday, Bloomberg reports, citing sources close to the matter. + Read how Trump upended the pharma industry According to the news agency, the agreement could be part of a broader announcement involving other pharmaceutical groups, but the details have not yet been finalised. The aim would be to relieve companies of the threat of customs duties in return for a reduction in the prices of certain drugs. The discussions are linked to the easing of the trade dispute between Switzerland and the US, after the parties announced a week ago a reduction in customs duties from 39% to 15% on imports from Switzerland retroactive to November 14. Medicines are excluded from the tariffs, but US President Donald Trump has repeatedly threatened to impose levies and ... Full story here Are you the author?
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