AstraZeneca CEO Pascal Soriot warned that under terms of an agreement with the Trump administration to lower US patients' drug costs, the Anglo-Swedish drugmaker may be forced to suspend launching new drugs in the UK and Europe if it cannot secure higher drug prices. Soriot said European countries must increase funding for innovative medicines or AstraZeneca could concentrate almost entirely on the US market, which accounts for nearly half of its revenue.

2026-06-07

AstraZeneca CEO Pascal Soriot warned that under terms of an agreement with the Trump administration to lower US patients' drug costs, the Anglo-Swedish drugmaker may be forced to suspend launching new drugs in the UK and Europe if it cannot secure higher drug prices. Soriot said European countries must increase funding for innovative medicines or AstraZeneca could concentrate almost entirely on the US market, which accounts for nearly half of its revenue.