Trump administration reaches agreement with Britain on zero tariffs for pharmaceuticals
The United States and Britain unveiled a new agreement on Monday aimed at maintaining zero tariffs on British medicines and medical technology. In exchange, the UK will boost its spending on medicines and reassess how these are valued. Specifically, the UK will raise the net price it pays for new drugs from the U.S. by […]
Trump Plans to Impose Tariffs on Pharmaceuticals Soon
Trump Announces Tariffs on Drugs President Trump revealed on Tuesday his plan to impose tariffs on pharmaceutical products. This move, as he explained in an interview with CNBC, aims to shift drug production back to the United States. During the discussion, CNBC’s Becky Quick pointed out that the US has a significant trade deficit of […]
23andMe, once a favorite in Silicon Valley, bought by Regeneron Pharmaceuticals
Regeneron Pharmaceuticals to Acquire 23AndMe for $256 Million Regeneron Pharmaceuticals has announced its intent to purchase the bankrupt genetic testing company 23AndMe for $256 million. This move presents a chance for Regeneron to obtain a wealth of genetic samples and data, including details from over 15 million customers. However, this acquisition has sparked concerns among […]
Regeneron Pharmaceuticals is set to purchase 23andMe and its genetic information for $256 million.
Regeneron Pharmaceuticals to Acquire 23andMe from Bankruptcy Regeneron Pharmaceuticals announced on Monday its intention to purchase 23andMe for $256 million as the company emerges from bankruptcy. This acquisition includes 23andMe’s personal genomic service, Total Health and Research Services, along with a substantial biobank that holds genetic data from over 15 million customers. All genetic testing […]
Trump’s solution for pharmaceuticals could unsettle Reagan, but it’s necessary.
On Monday, President Trump enacted a Presidential Order that aims to cut prescription drug prices for Americans by as much as 80%. Dubbed the “most favored nation” pricing policy, this order mandates that drug companies charge domestic consumers the same or less than they would charge people in other developed nations. For many, this seems […]
Ireland could lose pharma tax to US after Trump accusations, experts warn | Pharmaceuticals industry
The Ireland-based US pharmaceutical company is more likely to return profits to the US than close manufacturing plants after Donald Trump accused Ireland of stealing American taxes and jobs, experts say. Aidan Regan, a professor of political and economics at Dublin University, said the US president is right to call for trade imbalances created by […]
Trump signals 25 percent tariffs coming on cars, semiconductors and pharmaceuticals
President Trump announced on Tuesday that he would announce tariffs on automobile, semiconductor and drug imports starting at 25% in early April. Trump told reporters at Mar Arago that it is likely that tariffs will be announced on April 2, and told the car import obligation would be “nearly 25%.” Asked about the tariffs on […]
Trump vows sweeping tariffs on oil, pharmaceuticals and semiconductors
Trump pledged on Friday to impose a semiconductor chip, pharmaceutical, steel, aluminum, oil and gas. “We are doing pharmaceuticals. The important thing is drugs and medicines. Every form of medicine and pharmaceuticals,” Trump said. “And we are very important, we are doing steel, and we are related to chips and chips.” President said he was […]
Trump tariffs threaten pharmaceuticals
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Capsules from Glenmark Pharmaceuticals recalled over health risks
A total of 135 batches of the capsules have been recalled from consumers due to fears that the defective drug could cause cardiac arrest, according to federal officials. Glenmark Pharmaceuticals Inc. has recalled 114 batches of potassium chloride extended-release capsules, and American Health Packaging Co. recalled 21 batches of the same capsules last week on […]