Big Pharma & Tariffs13 Apr 2025 08:04
Is an Avacta licensing deal getting adversely affected by the loose cannons in Washington? The Sunday Telegraph thinks Big Pharma now has to cope with a new world of uncertainty and I do wonder if this is impacting Simon Bennett's efforts. The ST link is a pay wall and it's a long article so I'll not copy & paste except for the last couple of paragraphs:
"Big pharma, on the other hand, is fearful that tariffs will damage investment across research and development, which is crucial to future growth.
Senior drug leaders are privately alarmed at the direction of travel, yet few want to put their heads above the parapet.
David Ricks, the chief executive of obesity drugmaker Eli Lilly, flew the closest to criticism this month, when he said spending less on research would be “a disappointing outcome”.
It was a rare intervention from someone who struck a more conciliatory tone months earlier.
“My experience, having done this for eight years, is that there’s often more common ground than you’d think,” Ricks said, days after meeting Trump at Mar-a-Lago last December.
Now, it appears that the common ground was, at best, shaky.
A seismic shock is coming for the sector – all pharmaceutical executives can do is brace.
https://www.telegraph.co.uk/business/2025/04/13/trump-punish-drug-giants-world-will-pay-price/