What Pharma Firms Should Be Doing Now To Prepare For A ‘No Deal’ Brexit

As Brexit uncertainty continues and a “no-deal” scenario remains a possibility, pharmaceutical companies need to be looking at issues such as the renegotiation of supplier contracts, the transfer of key regulatory roles, and the mapping of trade flows, says EFPIA’s president, Stefan Oschmann. Meanwhile, industry and healthcare organizations have drawn up a list of “crucial unanswered questions” that they say the Brexit negotiators must address.

Brexit
EFPIA has described what member companies need to do now to prepare for Brexit

Stefan Oschmann, the president of the European pharmaceutical industry federation EFPIA and chairman and CEO of Merck KGaA, has written to member companies outlining the kinds of actions they should be taking to prepare for any outcome of the Brexit negotiations, including a “no-deal” scenario.

Key action areas outlined in Oschmann’s letter include the need to review supply chain contracts, the impact on employees, the...

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