Trump got fed up: An unfortunate consequence in Europe

Pharmaceutical company in Orion is currently waiting for how to implement in the United States, the president Donald Trump’s the administration’s so-called most favored nation initiative affects the global pharmaceutical industry. It is about changes related to the pricing of medicines.

“The USA is tired of paying more for medicines than Europe and the rest of the world”, CEO of Orion Liisa Hurme explained Kauppalehti live Economic morning on Monday.

“The USA is trying to put pressure on Europe to raise the price of medicines by referencing the prices of medicines in the USA from OECD countries, which have roughly the same level of gross national product as the USA,” Hurme said.

According to Hurmee, medicines in Europe are cheaper than in the United States.

“Either the prices of drugs will go down in the USA or they will go up in Europe. Now it’s a bit of a wait to see where this balance will slowly settle.”

The consequences are already visible.

“Unfortunately, we have seen that launches in Europe have decreased”, Hurme said and continued: “They [lääkeyritykset] want to keep the world’s largest pharmaceutical market to themselves and don’t want to ruin it [pilata] its price.”

The plot of Monday’s broadcast Jussi Rosendahl.

You can watch Monday’s Economic Morning in its entirety below.

Correction 11.5. at 3:35 p.m.: The CEO of Orion interviewed in the broadcast is called Liisa Hurme, not Terhi Ormio, as the text erroneously read earlier.