Headlines
Roche considering selling drugs directly to US patients, CEO says
Published by Global Banking and Finance Review
Posted on July 24, 2025
3 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 24, 2025
3 min readLast updated: January 22, 2026
Roche considers direct drug sales to US patients to cut costs, bypassing pharmacy benefit managers. This could lower prices and increase access.
By Bhanvi Satija and Maggie Fick
LONDON (Reuters) -Roche is considering selling its prescription medicines in the U.S. directly to consumers to lower costs for patients as part of talks with the U.S. government, which is pressuring drugmakers to cut prices, Roche's CEO said on Thursday.
A direct-to-consumer (DTC) model would work for all of the Swiss company's medicines, CEO Thomas Schinecker said on a call with reporters, without detailing how the scheme might work.
U.S. President Donald Trump issued an executive order in May directing drugmakers to lower medicine prices to align with what other countries pay.
Last week, Bristol Myers and Pfizer said they would begin selling their blockbuster blood thinner, Eliquis, directly to cash-paying U.S. patients at a discount.
Typically, U.S. drug prices are shaped by complex negotiations involving pharmacy benefit managers that act as middlemen between drugmakers and consumers. They negotiate volume discounts and fees with drugmakers on behalf of employers and health plans, create lists of drugs that are covered by insurance, and reimburse pharmacies for prescriptions. The system has often been criticised for inflating costs.
An industry source told Reuters on Wednesday that the most viable DTC candidates were small-molecule drugs dispensed at retail pharmacies - such as treatments for diabetes, cardiovascular conditions, or respiratory diseases like asthma - because they are simpler to distribute and price directly for patients compared to complex medicines, such as some cancer drugs, which often require special handling and injection.
Eli Lilly and Novo Nordisk already offer their popular weight-loss drugs Zepbound and Wegovy directly to U.S. patients for rates below the drugs' list prices.
Lilly's chief financial officer, Lucas Montarce, said at an industry conference last month that the company had shared details of how it implemented its DTC model with the Trump administration.
Schinecker said a DTC model would help lower costs in the U.S. quickly by cutting out pharmacy benefit managers.
The model could appeal not only to the uninsured or under-insured, but also to insured patients comparing the cost of accessing drugs through insurers with cash prices, the industry source said. For example, if a patient was required to pay $20 to an insurer for a drug with a list price of $100, a DTC offer would need to beat that to be attractive.
Roche has also increased inventories to avoid potential disruptions from tariffs, Schinecker said. The company announced in April plans to invest $50 billion in the U.S. over the next five years.
(Reporting by Miranda Murray in Berlin, Maggie Fick in London and Bhanvi Satija in Bengaluru. Editing by Rachel More and Mark Potter)
Direct-to-consumer (DTC) drug sales refer to the practice where pharmaceutical companies sell their products directly to patients, bypassing traditional intermediaries like pharmacies and insurance companies.
Small-molecule drugs are low molecular weight compounds that can easily enter cells and affect biological processes. They are often used to treat various conditions, including chronic diseases.
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