EU needs tiered drug pricing to improve patient access: Bayer exec
Boston: The European Union should put mechanisms in place to allow drugmakers to charge higher prices in wealthy European countries and lower prices in poorer nations to assure more equitable patient access to life saving medicines, Bayer's global pharmaceuticals head said in an interview.
That might be accomplished in part by restricting drug importation within the EU, Stefan Oelrich, head of Bayer's pharmaceuticals unit, told Reuters on Thursday.
The EU published a long-awaited draft of its proposed overhaul of laws governing its pharmaceuticals industry last month. One of the main goals of the reforms would be more equitable access between wealthier and poorer EU states.
Oelrich said the proposed laws would stifle innovation and reduce access to drugs in Europe, echoing pharmaceutical industry views.
"We have made clear proposals to the Commission how we could mend the access issues, for example, through tiered pricing opportunities inside the European Union," Oelrich said ahead of a Bayer event to launch a new research lab in Boston.
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