'Perfect storm' could lead to lower drug prices, says Takeda CEO
In a letter to shareholders, Takeda Pharmaceutical (TYO: 4502) chief executive Christophe Weber has explained that drug manufacturers may be forced to cut prices in the near term.
Mr Weber singled out the risk of recession as well as political instability and the growing impact of inflation as significant factors placing a burden on global budgets, including healthcare resources.
Such forces are in addition to what Mr Weber sees as an ongoing impact from the coronavirus pandemic, changing the healthcare priorities and behaviors of people and countries.
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