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Pharma Predicts Modest Tariff Impact, Depending On What Comes Next

 
• By Jessica Merrill

Drugmakers are not expecting a big financial hit from tariffs for now, but a report commissioned by the industry trade association PhRMA suggests a potentially steep cost for pharma-sector tariffs.

Pharma companies hope promises for more domestic investment could spare them from sector-specific tariffs. (Shutterstock)
Key Takeaways
  • Drug manufacturers and investors want more detail on US government plans for pharmaceutical-sector tariffs.
  • Pharmaceutical companies appear confident they can absorb the impact of broader tariffs this year, but the predictions do not include pharma-specific tariffs.
  • A PhRMA-sponsored report concludes a 25% tariff on pharmaceutical imports would increase the cost of imported pharmaceuticals $50.8bn annually.

During the latest round of quarterly sales and earnings updates, drug manufacturers signaled they are well positioned to absorb the cost of tariffs, but the assurances may be cold comfort...

While pharmaceuticals are generally exempt from tariffs for now, a recent report commissioned by the industry trade group the Pharmaceutical Research and Manufacturers of America (PhRMA) suggested the impact of...

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