What are you thoughts on this news article From the RTS (article in French)?
"Novartis aims to eliminate the price gap of medicines between the United States and other industrialized countries. The CEO of the Basel-based pharmaceutical group, Vas Narasimhan, believes that countries outside the United States have a duty to contribute more to innovation and considers that prices are too low in Switzerland."
For the CEO of Novartis, drug prices in Switzerland are too low.
byu/JonHaf inSwitzerland
Posted by JonHaf
22 Comments
He’s totally correct.
After I pay my health insurance, I still have some money for rent left.
Maybe we should have a Swiss CEO for Novartis again
where the FUCK are the politicians
yes yes I know lobbyism
But how is it even possible that we don’t have even one politician with a conscience
Perfect timing for the yearly KVG price shock… but SVP still thinks Trump is better for their country than the EU and a great and brilliant leader…
I think the interest rates on the CEO’s loans are too low.
He clearly can afford more.
Just buy a Novartis Share For each CHF You Spend ob drugs. 😜
I believe the CEO of Novartis is too alive :]
And here we see why CEO salaries are so high: You couldn’t torture me into saying shit like that in Guantanamo.
Let’s make a deal with big pharma. They can raise the prices as much as they want as long they pay double of it as additional taxes. So they can show the US how normal their prices are.
if they start raising prices, someone should petition the federal government to invalidate their patents and allow other enterprises to produce these pharmaceuticals. then we’ll see whether they still want to increase prices.
Lots of uninformed comments. In Switzerland, neither Novartis, nor its CEO can decide this. Prices are regulated by BAG.
And for me, my salary is too low
If he wants more contributions to innovation, he can start by reducing his 20 million salary
So are everyone’s salaries, except for top execs who get packages way beyond of what they deserve.
Let’s go back to a swiss CEO please
For this swiss guy, the employment of CEOs of Novartis is too high.
To the CEO of Novartis: your salary is too high and requires adjustment.
Drug prices is too low but his salary is wayyyyy too high.
First, as an ex McKinsey he needs to feed the monster. 2nd, his wife is the CEO of Idorsia in Switzerland, so between them they probably couldn’t give a crap about higher prices, as long as the bonus and pay package are stable.
The prices of drugs in Switzerland are relatively low when taking income into account.
Wasn’t that a retorical reply to Trump after he asked for lower drug prices in the US?
The Man wants a raise! Poverty line is approaching fast
In 2024, Novartis CEO Vas Narasimhan’s total compensation reached CHF 19.2 million.
2018: When Vas Narasimhan first became CEO, his compensation was around CHF 10 million.
2023: His pay almost doubled from the previous year, reaching CHF 16.2 million ($18.8 million), due to meeting set bonus targets.