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EU drug corporations warn of exodus to US as Trump threatens import price lists

EU drug corporations warn of exodus to US as Trump threatens import price lists
April 9, 2025



Pharmaceutical corporations within the EU have warned of a “chance of exodus” to the United States as shares within the sector slid world wide at the again of Donald Trump’s renewed danger to impose price lists on US medication imports.Drugmakers’ stocks throughout Europe and India, every other overseas medication hub, slipped on Wednesday after Trump indicated additional carnage was once at the means along with the 20% “reciprocal price lists” on imports that kicked in in a single day.A basket of Ecu healthcare shares fell 3.9% after opening to its lowest since October 2022, main losses amongst sectoral indices at the region-wide Stoxx 600, down 2.3% in early buying and selling on Wednesday. Stocks in AstraZeneca had been down greater than 5%, GSK greater than 4%, Roche 5.6% and Sanofi was once additionally down greater than 5%.India was once additionally affected, the place corporations reminiscent of Teva are a number of the international’s greatest drugs producers making the entirety from branded paracetamol to energetic elements in pharmaceutical merchandise thru production contracts with one of the vital international’s greatest manufacturers.Trump imposed recent price lists on imports from 57 nations and territories in the dead of night US jap time, together with a 20% levy on items from the EU’s 27 member states, 104% on China and 27% on India. Those adopted 10% price lists on imports from all nations imposed over the weekend.graphsPharmaceuticals have up to now been exempted from the levies, however on Tuesday night time the United States president advised an tournament on the Nationwide Republican Congressional Committee that he would announce a big tariff on medication imports “very in a while”.Trump claimed the tariff would incentivise drug corporations to transport their operations to the United States, however has no longer stated when and by way of how a lot he plans to lift the levy.EU pharma companies have known as at the Ecu Fee president, Ursula von der Leyen, to push for “speedy and radical motion” to mitigate the “chance of exodus” to the United States after a gathering in Brussels.The business industry foyer the Ecu Federation of Pharmaceutical Industries and Associations (EFPIA), whose participants together with Bayer, Novartis, and Novo Nordisk, the maker of the celebrity diabetes kind 2 drug Ozempic, met Von der Leyen on Tuesday hours earlier than Trump issued his recent danger.Different participants come with Pfizer, Lilly, Gilead, GSK, Teva and Merck, in combination representing billions of exports to the United States.Trump’s newest feedback have intensified the trepidation felt in pharma production hubs round Europe together with Eire, which exported €44bn (£38bn) of prescribed drugs to the United States in 2024, a lot of it made by way of US multinationals Trump desires to repatriate.“We’re going to tariff our prescribed drugs and after we do that they will come speeding again into our nation as a result of we’re the large marketplace, the benefits we’ve over everyone is that we’re the large marketplace,” the United States president stated at a night speech to Republican supporters.“So we’re going to be saying very in a while a big tariff on prescribed drugs.”The pharma business within the EU has remained silent on the specter of price lists since Trump’s “liberation day”.skip previous publication promotionSign as much as Industry TodayGet set for the running day – we will level you to the entire trade information and research you wish to have each morningPrivacy Realize: Newsletters might include data about charities, on-line advertisements, and content material funded by way of out of doors events. For more info see our Privateness Coverage. We use Google reCaptcha to offer protection to our web site and the Google Privateness Coverage and Phrases of Provider follow.after publication promotionEFPIA’s first commentary, titled “Pharma CEOs alert president Von der Leyen to chance of exodus to the United States,” stated that “except Europe delivers speedy, radical coverage alternate then pharmaceutical analysis, building and production is more and more more likely to be directed in opposition to the United States”.It stated a survey of its participants remaining week confirmed that capital expenditure, cash pumped into production crops, and R&D had been the frontline dangers.In step with the affiliation, €164.8bn is deliberate by way of pharma corporations within the EU between 2025 and 2029.“Over the following 3 months, corporations that answered estimate {that a} general of €16.5bn, ie 10% of the full funding plans, is in peril,” it stated.It added that the United States was once changing into a transparent favorite for funding, with price lists expediting that probably, striking in peril masses of hundreds of jobs a number of the 1 million immediately hired in UK and EU and lots of extra in educational and medical settings.“The USA now leads Europe on each investor metric from availability of capital, highbrow assets, pace of approval to rewards for innovation,” the EFPIA stated. “Now with the addition of price lists, there’s little incentive to spend money on the EU and important drivers to relocate to the United States.”The affiliation offered Von der Leyen with a five-point plan, together with strengthening incentives to find highbrow assets in Europe and the adoption of a world algorithm to make it extra horny to put innovation and analysis and building in Europe.

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