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Here's How the Pharmaceutical Import Tariffs Could Affect Eli Lilly
The Motley Fool· 2025-05-27 08:44
Core Viewpoint - Eli Lilly's stock has experienced significant volatility during Trump's second term, primarily due to the potential implementation of tariffs on pharmaceutical imports, which could negatively impact the company and the industry as a whole [1][2][3]. Group 1: Tariffs and Their Impact - President Trump has proposed a 25% tariff on imported drugs, although these tariffs have not yet been implemented [2]. - Eli Lilly's CEO acknowledged that expanding tariffs would negatively affect the company and the pharmaceutical industry, but did not specify the potential impact [3]. - The U.S. imported nearly $50 billion in pharmaceutical products from Ireland last year, making it a likely target for tariffs, which could pose a significant challenge for Lilly [4]. Group 2: Company Operations and Manufacturing - Most of Eli Lilly's product sourcing outside the U.S. comes from Ireland, with approximately $3.2 billion in long-lived assets reported in Ireland at the end of 2024 [5]. - Lilly has a large U.S. manufacturing footprint and is currently working on 10 active projects to build and expand facilities, aiming to supply the U.S. market entirely from domestic operations [9]. Group 3: Pricing Strategies and Regulatory Risks - President Trump issued an executive order for "most-favored nation" (MFN) drug pricing, which could pose a risk to the industry, although it may face legal challenges [9][10]. - If MFN pricing is implemented, drug manufacturers might adjust their pricing strategies to maintain profitability, such as increasing list prices in other countries while offering discounts [11]. Group 4: Future Outlook - The outcomes of the proposed tariffs and MFN drug pricing remain uncertain, but it is believed that Eli Lilly and other major pharmaceutical companies will navigate these challenges effectively [12].
特朗普猛砍药价或令药企洗牌 花旗审视政策风险后坚定看涨再生元(REGN.US)
智通财经网· 2025-05-15 04:11
Core Viewpoint - Citi has upgraded the stock rating for Regeneron Pharmaceuticals (REGN.US) while downgrading AbbVie (ABBV.US) due to the differing impacts of recent U.S. government policies on these pharmaceutical giants [1][3] Group 1: Regulatory Changes - President Trump signed an executive order to implement a "Most Favored Nation" pricing model, linking U.S. drug prices to lower prices in other developed countries [2][3] - The executive order aims to eliminate subsidies for foreign healthcare and reduce drug prices for U.S. citizens by ensuring they pay the lowest prices available globally [2] Group 2: Company Ratings and Price Targets - Citi analyst Geoff Meacham upgraded Regeneron's stock rating from "Neutral" to "Buy," citing manageable policy risk exposure and strong product pipeline in melanoma treatments [3][4] - Regeneron's target price was raised from $600 to $700 per share, reflecting a favorable risk-reward ratio after a 55% decline from its 2024 peak [4] - AbbVie's stock rating was downgraded from "Buy" to "Neutral," with a target price reduced from $205 to $188 per share, due to increased policy risk exposure and a relatively weaker product pipeline [4][5] Group 3: Market Reactions - The announcement of the executive order initially negatively impacted global pharmaceutical stocks, particularly European companies [1][2] - Regeneron's stock closed at $571.36, while AbbVie's stock closed at $177.44, indicating market adjustments following the news [4][5]
凌晨,特朗普试图让狂欢继续,但牌桌上的人却意兴阑珊
凤凰网财经· 2025-05-13 22:38
Group 1 - The U.S. stock market showed mixed results, with the Nasdaq rising by 1.61% and the S&P 500 increasing by 0.72%, while the Dow Jones fell by 0.64% [1] - Nvidia and Tesla saw significant gains, with Nvidia up over 5% and Tesla rising approximately 5%, both reaching their highest closing prices since late February [1] - Trump's comments on the market did not lead to the expected rally, as investors appeared less enthusiastic and began to leave the market [1] Group 2 - The U.S. Consumer Price Index (CPI) for April showed a month-on-month increase of 0.2% and a year-on-year increase of 2.3%, both below market expectations [2] - Core CPI, excluding volatile food and energy prices, also rose by 0.2% month-on-month and 2.8% year-on-year, matching expectations [2] - Trump pressured the Federal Reserve to lower interest rates, citing the weak inflation report and claiming that prices for gasoline, energy, and groceries were decreasing [2][4] Group 3 - Trump's trade policies have led to increased tensions with the EU, as he accused them of not paying their fair share in trade and threatened to impose additional tariffs [5][6] - The EU has attempted to negotiate with the U.S. to lift tariffs but has not achieved any breakthroughs, and is preparing retaliatory measures against U.S. exports worth €95 billion (approximately $108 billion) [7][8] - India and Japan are also showing resistance to U.S. trade demands, with India proposing a "zero-for-zero" tariff exchange and Japan refusing to compromise on auto tariffs [9][10]
特朗普“砍价”美国处方药 业内人士:降本增效利好有望传导至国内CXO企业,但期望不应过高
Mei Ri Jing Ji Xin Wen· 2025-05-13 13:35
Core Viewpoint - The article discusses the implications of President Trump's executive order aimed at reducing prescription drug prices in the U.S., highlighting potential impacts on multinational pharmaceutical companies (MNCs) and the contract research organization (CXO) sector. Group 1: Executive Order Details - The executive order mandates that U.S. drug prices be aligned with those in other developed countries, requiring pharmaceutical companies to offer "Most Favored Nation" pricing [2] - The order emphasizes that even with discounts, U.S. brand drug prices are still over three times higher than those in other OECD countries [2] Group 2: Market Reactions and Industry Perspectives - Following the announcement, while innovative drug companies saw a decline in stock prices, the CXO sector experienced an increase, indicating a shift in market sentiment [1] - Industry experts express skepticism regarding the practical implementation of the order, noting the complexity of the U.S. drug pricing system and potential conflicts with domestic manufacturing costs [2] Group 3: Impact on MNCs and CXO Services - If drug prices are significantly reduced, MNCs may seek to cut costs by increasing reliance on Chinese BD (business development) products and CXO services, as these offer cost and efficiency advantages [1][4] - The average time for new drug approval in China is 7.2 years, compared to 13.3 years in the U.S., highlighting the efficiency of Chinese biotech firms [4] Group 4: New Business Models - The potential for a new "Hybrid NewCo" model is discussed, where drug rights are licensed out while clinical development remains in China, allowing for cost-effective R&D [5][6] - This model could lead to increased collaboration between MNCs and Chinese drug companies, particularly in the context of reduced U.S. drug prices [5]
刚刚!特朗普签了!直线拉升!
券商中国· 2025-05-12 23:25
Core Viewpoint - The article discusses President Trump's executive order aimed at reducing prescription drug prices in the U.S., which led to a positive market reaction from pharmaceutical companies and a significant rise in U.S. stock indices [1][3]. Summary by Sections Executive Order Details - Trump signed an executive order to implement "Most Favored Nation" pricing for prescription drugs, aligning U.S. drug prices with those of other developed countries [3][5]. - The order aims to ensure that U.S. patients can purchase drugs at the lowest prices available globally, potentially reducing prices by 50% to 90% for some medications [5]. Market Reaction - Following the announcement, major pharmaceutical stocks such as Eli Lilly, Pfizer, and Novo Nordisk saw price increases of 2.86%, 3.64%, and 2.98% respectively [1][3]. - The U.S. stock market experienced a significant rally, with the Dow Jones rising over 1160 points (2.81%) and the Nasdaq gaining over 4% [1][7]. Broader Market Context - The article notes that the Nasdaq China Golden Dragon Index rose by 5.4%, indicating strong performance from Chinese concept stocks [1][7]. - Major tech stocks also surged, with Amazon up 8.07% and Meta up 7.92%, contributing to a technical bull market [7][8]. Implications for Pharmaceutical Companies - Analysts suggest that the vague wording of the executive order and lack of specific implementation details led to a positive interpretation by pharmaceutical companies, reducing their anticipated concerns [3][4]. - The order directs the U.S. Department of Health and Human Services to establish mechanisms for direct purchasing of drugs at "Most Favored" prices, bypassing intermediaries [3][4].
要降90%!特朗普签署行政令猛砍药价,放话不再容忍大药企、拿欧盟开刀
Hua Er Jie Jian Wen· 2025-05-12 17:14
Core Viewpoint - President Trump is taking more aggressive actions to reduce drug prices in the U.S. by implementing a "Most Favored Nation" pricing policy, aiming to ensure that Americans pay the lowest prices for medications available globally [1][2]. Group 1: Policy Implementation - Trump signed an executive order on May 12, directing the U.S. to stop subsidizing foreign healthcare and to implement the "Most Favored Nation" pricing for drugs [1]. - The order instructs the U.S. Trade Representative and the Secretary of Commerce to take action against foreign practices that unfairly lower drug prices abroad while raising them in the U.S. [1][2]. - The Secretary of Health and Human Services is tasked with establishing a mechanism for U.S. patients to purchase drugs directly from manufacturers at the "Most Favored Nation" price, bypassing intermediaries [1]. Group 2: Expected Impact on Drug Prices - Trump indicated that some prescription drug prices could drop by 50% to 90% almost immediately as a result of this policy [2]. - The new policy is expected to significantly lower healthcare costs in the U.S., with estimates suggesting a potential decrease of 30% to 80% in drug prices [2]. Group 3: Market Reactions - Following the announcement, pharmaceutical stocks in Japan saw declines, with the pharmaceutical index dropping 3.9%, marking the largest single-day drop since August [3]. - Notable declines included Takeda Pharmaceutical Co. down 5.5% and Otsuka Holdings Co. down approximately 5.4% [3]. - In Europe, Novo Nordisk initially dropped 8.6% but later reduced its losses, closing down 0.65% [4]. Group 4: Specific Drug Categories - The executive order may include GLP-1 class drugs, such as Novo Nordisk's Ozempic and Wegovy, as well as Eli Lilly's Zepbound, in the price reduction scope [3].