The EU is implementing policies to give patients easier access to cheaper, generic medicines, which could cut the revenues of big pharmaceutical firms.
According to an EU document yet to be published, the European Commission (EC) will consider targeted policies that support a greater generic and biosimilar competition to make drugs more affordable and preventing dramatic shortages.
The EU will apply its antitrust rules more strictly to stop patent-holding pharmaceutical firms from hindering the entry or expansion of generic and biosimilar competitors who offer more affordable medicines.
Among the EU’s possible actions, expected in 2022, is the implementation of clearer provisions for the conduct of trials on patented products to support generic marketing authorization applications.
The EU will also renew incentives and obligations for pharma firms to allow wider distribution and greater competition.
This could require drugmakers to make their patented drugs available in all 27 states in the EU, including smaller countries that big drugmakers find less profitable, or risk shortening the period of their intellectual property rights.
Among medicines that are in short supply or unavailable in the EU are antibiotics and drugs for children and rare diseases.
Shortages in the bloc worsened during the first phase of the pandemic amid export bans and other trade restrictions and when India curbed the export of paracetamol.


Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans 



