Swiss Pharma Firms Face Tariff Uncertainty, Smaller Companies Explore Workarounds
Swiss pharmaceutical companies face uncertainty following US President Donald Trump's tariff announcements. While giants Roche and Novartis are expected to reach deals, smaller firms remain silent, exploring creative solutions to mitigate the impact.
Switzerland hosts 226 pharma manufacturers and 324 biotech companies, with the US being their largest market, accounting for 50-60% of exports. Trump's tariffs, however, pose challenges, especially for smaller firms. These companies are keeping a low profile, exploring options like the First Sale for Export rule or the Non-Resident Importer scheme to reduce tariff effects.
Tariffs are just one aspect; drug prices in the US are crucial for financing R&D. Smaller Swiss drugmakers face an uncertain future, unlike Roche and Novartis, expected to announce deals with the US government. Pfizer's recent deal, involving price alignment and US manufacturing investment, shows a potential path for other companies.
The lack of clarity about the new tariff regime creates uncertainty for Switzerland's smaller pharma companies. While giants may navigate the situation, smaller firms must explore creative solutions to ensure their survival in the US market.
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