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Stock impact report

UK's biggest drugmakers see surprise profit bump, even as pharma grapples with U.S. policies [CNBC]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
Company Research Source: CNBC
The CEOs of a number of European pharma giants have recently said that Europe risks losing out on new medicines as drug prices in the U.S. market are tied to lower prices elsewhere under Trump's MFN policy. In this article Pharma giants AstraZeneca and GSK , the U.K.'s second and ninth most valuable companies, both saw first-quarter profits beat expectations early Wednesday. AstraZeneca's core earnings per share came in at $2.58, while analysts polled by FactSet had expected $2.53. GSK's core EPS was £0.47 ($0.63) versus the expected £0.43, as per FactSet. It comes as an increasing number of pharma CEOs have warned that Europe could see fewer new drugs launched amid a push by U.S. President Donald Trump to lower prices for medicines in America — unless Europe addresses some of the continent's most pressing issues impacting competitiveness. The CEOs of Novartis, AstraZeneca, Roche , and Boehringer Ingelheim have said that European countries risk missing out on novel medicine Show less Read more
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