27.4.2026

SL Insight Newsletter #31

KP2 Confidentiality: Protection Against MFN Is Not Effective

Marcel Boller

Cost Containment Package 2 (CCP2) strengthens the confidentiality of net prices on the Specialty List. The logic behind this is clear: by shielding the actual transaction price from international reference price mechanisms, a company reduces its MFN exposure.

Is this protection effective?

However, for companies with existing MFN obligations, this instrument addresses the wrong exposure: the exposure does not arise from referencing, but from the manufacturer’s own contractual obligation to report its prices. This Swiss protection is therefore ineffective against contractual MFN obligations.