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Stock impact report

US tariffs raise fears for European pharmaceutical sites [Yahoo! Finance]

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: Yahoo! Finance
Pharmaceutical manufacturers in Germany and Switzerland view the latest US tariffs on pharmaceutical products as a threat to their European production sites, representatives said on Friday. "In the medium term, there is a risk that parts of production and research will move to the US," where regulatory and financial incentives are attractive, said the Association of Research-Based Pharmaceutical Companies (VFA) in Berlin. The Swiss association Interpharma warned of negative consequences for patients. The US administration seeks to encourage pharmaceutical companies to set up operations in the US by imposing a 100% surcharge. However, Germany and all other EU member states, as well as Switzerland, Japan and South Korea, are exempt from this due to separate agreements. Tariff rates of up to 15% apply to them. Nevertheless, the pharmaceutical associations view the new measures as a massive intervention in the medicines market. The tariffs "jeopardise global production and supply Show less Read more
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