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Novartis to invest $23B in U.S. drug manufacturing to cut prices and avoid tariffs.
Novartis CEO Vasant Narasimhan said the company is investing $23 billion in the U.S. over five years to manufacture key drugs locally, aiming to reduce prices for American patients and avoid potential tariffs.
The move, expected to yield significant progress within two years, focuses on final filling and packaging in the U.S., which could help mitigate import duties from the EU and Switzerland.
Amid threats of up to 250% tariffs if drug prices don’t drop, Novartis is preparing for multiple trade scenarios while emphasizing collaboration with the U.S. government.
The company plans to hire only 1,000 to 1,500 additional workers, supported by automation and expanded education programs.
Novartis invertirá 23 mil millones de dólares en la fabricación de medicamentos en Estados Unidos para reducir los precios y evitar aranceles.