Novartis will eliminate the price difference between the USA and other industrialized countries and sees countries outside the USA as responsible for bearing a higher share of the cost for innovation.
CEO Vas Narasimhan described Swiss drug prices as “much too low”, stating that they are at the lower end compared to the OECD average.
Source: https://www.perplexity.ai/page/novartis-chef-will-schweizer-m-1hxKXn3OT0WSbrcQ_unqOw
by GagaMiya
25 comments
Look at this smile. That‘s the look when you know you‘ll earn a couple more millions per year.
UBS Bankers: We’re the most criminal scumbags in Switzerland
Vas Narasimhan: Hold my Mango Lassi
why are you citing an ai newspaper as your source
Novartis taxes are “much too low” they are at the lower end compared to the OECD average.
Did someone do the calculations? Because as far as I know, meds cost less in neighbouring countries like Germany, am I mistaken?
Shareholder value must be protected at all cost. Reducing prices in the us? No, best we can do is rising prices everywhere else
Let me translate this:
“Highly overpaid CEO who sells highly overpriced medicaments everywhere in the world tries to use the current political environment in the US to justify even higher prices.”
Reduce their state subsidies accordingly.
That’s not how drug prices work. Most of them have to be negotiated between the companies and the government
The reason this happens is the US “most favored nation” policy. Pharmaceutical companies are not in the position of strongarming the US, as they are currently their primary customer.
Unless there is some countermeasure at European level, this is inevitable.
Dawm every day they try more and more to push people for a revolution
Why are we letting American nationals become CEOs of major Swiss companies and raise prices on Swiss people to extract more wealth from our economy?
I hope the Bundesrat and „Preisüberwachung“ will have to say something here.
As if they were not insane already.
Don’t you have h1b in Switzerland?
Cost of medicine in Switzerland is beyond ridiculous. We paying 50 bucks for a Medicine that everywhere else costs 4 bucks. It’s just ridiculous how we have to wait until it gets serious to go for any treatment.
Finally – don’t want to be able to save so much each month for my retirement.
There is one logical explanation: he just doesn’t know the difference between Germany and Switzerland. Which, looking at / listening to him, I can totally believe.
> After we turned the US into a shithole for most, we’re now looking at Switzerland
– This guy, probably.
r/linkedinlunatics
Motherfucker…
1000 ibuprofens in the USA cost 15$ in a big box store.
You get 10 for the same price in CH.
OK great, so now because they found a loophole in the USA, and the USA is forcing them to lower the prices, they are finding a way to raise prices for everyone else for their and the USA’s mistakes…
From BAG: “Compared to other European countries, Switzerland has the highest prices and highest per capita costs for medicines. This is shown by various international studies”
[https://www.bag.admin.ch/de/medikamentenpreise-in-der-schweiz-haeufige-fragen#Wie-hoch-sind-die-Medikamentenpreise-in-der-Schweiz-im-Vergleich-zu-anderen-L%C3%A4ndern?](https://www.bag.admin.ch/de/medikamentenpreise-in-der-schweiz-haeufige-fragen#Wie-hoch-sind-die-Medikamentenpreise-in-der-Schweiz-im-Vergleich-zu-anderen-L%C3%A4ndern?)
Totally unrelated news: Luigi Mangione’s 1st degree murder, terrorism charges just got dropped
Journalism at its finest (talking about nzz). No fact checking, no request for number, no interview of swiss politicians (SECO or healthcare), nothing.
Was the article subsidized by this guy’s shareholders?
Oh wait …
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