Pricing, reimbursement and HTA

Approval is the beginning of the European commercial question, not the end of it. The EU HTA Regulation has required a Joint Clinical Assessment for new oncology medicines and advanced therapies since January 2025, harmonizing the clinical dossier while leaving price to each Member State; Germany ties relief from its pricing guardrails to where a company runs its research; Switzerland's three-year review repriced hundreds of products in 2025; digital therapeutics in Germany are now paid in part on measured outcomes; and the EU Pharma Package attaches an exclusivity cost to a selective launch. The analyses below read those mechanisms from the US originator's side, where the comparator fixed at trial design, the location of a study and the sequence of launches have become pricing terms.

5 insights · latest June 2026

Insights on Pricing, reimbursement and HTA

No. 23 Strategic Risk

Swiss Pharma Pricing Under Pressure: What the Three-Year Review Means for R&D Investment

Switzerland's 2025 three-year pricing review repriced over 300 pharma products. Cascade effects on R&D investment, cantonal incentives, and market access.

No. 47 Cross-Border

One Year of EU HTA Joint Clinical Assessment: Year-One Lessons for US Oncology and ATMP Sponsors

The EU HTA Regulation has required a Joint Clinical Assessment for new oncology medicines and ATMPs since 12 January 2025; it harmonizes the clinical dossier, not national pricing, and its PICO comparators are fixed at trial design.

No. 59 Strategic Risk

Research Location as a Pricing Term: Germany's Medizinforschungsgesetz and Confidential Reimbursement

Germany's Medizinforschungsgesetz has, since 1 January 2025, tied relief from the AMNOG pricing guardrails and the option of a confidential reimbursement amount, bought with a nine percent discount, to where a company runs its trials and research.

No. 50 Emerging Issue

Germany's DiGA Reform: Outcome-Based Pricing and Class IIb for US Digital Therapeutics

Germany's Digital-Gesetz rewrote § 134 SGB V so that from 2026 at least 20 percent of a DiGA's negotiated price turns on measured outcomes, and the BfArM directory now admits Class IIb software on stricter evidence terms.

No. 33 Strategic Risk

Access Conditionality and the New Cost of Selective EU Launch: What Article 56a Means for US Originators

EU Pharma Package Article 56a lets a Member State demand a launch; non-compliance can strip regulatory market protection in that territory. For US originators, selective EU launch strategy now carries a direct exclusivity cost.

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