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Pharma Giants Urge EU to Raise Drug Prices

4/23/2025

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Summary

Story summary

Novartis and Sanofi are calling on the European Union to elevate drug prices to U.S. standards, arguing that current low prices stifle innovation and threaten competitiveness in the pharmaceutical sector. AstraZeneca's CEO joined the chorus, stressing that boosting health spending is crucial for safeguarding Europe’s health sovereignty and drawing in vital research investments.

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Story summary

Novartis and Sanofi are calling on the European Union to elevate drug prices to U.S. standards, arguing that current low prices stifle innovation and threaten competitiveness in the pharmaceutical sector. AstraZeneca's CEO joined the chorus, stressing that boosting health spending is crucial for safeguarding Europe’s health sovereignty and drawing in vital research investments.