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EU Drug Launches Drop 35% Amid MFN Policy Uncertainty

4/2/2026

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Story summary
  • The Most Favored Nation (MFN) pricing policy under U.S. President Donald Trump has created uncertainty that delays the launch of new medicines in Europe.
  • Executives report a 35% drop in EU drug launches since the MFN policy was introduced.
  • Insmed has postponed European launches, fearing lower U.S. prices if entering Europe.
  • Experts warn that delays could let Chinese biotechs fill the gap, with long-term implications for patient access.