The Novartis pharmaceutical company announced plans to build seven facilities in the United States and expand others in an investment of $ 23 billion in five years after the announcement of President Donald Trump to begin imported drugs.
The Swiss company revealed the main investment in a press release.
“This commitment allows Novartis to expand its current presence of manufacturing, research and technology throughout the country with 10 facilities, including 7 new facilities, creating almost 1,000 new jobs in Novartis and approximately.
Six of the facilities will be manufacturing plants, two or that will focus on radioligand therapy in Florida and Texas. It remains to be so where the other four floors will be built.
Moreover, the company is establishing a biomedical research innovation center in San Diego as part of the investment, and is expanding three of its production facilities in Indiana, New Jersey and California.
The company also pointed out that its objective is to ensure that “all the key novartis medications for patients with the US will be performed in the United States.”
On Tuesday, Trump promised to impose drug tariffs produced in other countries.
https://www.youtube.com/watch?v=W5-7wxzlfle
“So we are going to announce, very shortly, an important rate on pharmaceutical products,” Trump said Tuesday night at a dinner from the National Committee of the Republican Congress (NRCC). “And … when they listen to that, they will leave China, they will leave other places, because … most of their product is sold here.”
“And they will open their plants all over our country,” he added.
Trump folded his statement on Wednesday.
https://www.youtube.com/watch?v=tlNKHNPV3He
“We realized that Covid does not do our drugs or our pharmaceutical products in this country,” Trump told reporters.
However, the CEO of Novartis, you are going, denied that the potential tariffs are the main influence behind the movement, by Reuters.
“We believe that we can handle tariffs, although, of course, they will be very painful, so that that is a factor (behind this investment), it is not the driving factor,” said Narasimhan.
This is the last in an influx of investments in the United States since Trump returned to office and began to notice and impose its tariff policies. Stargate, a joint project between Openai, Oracle and Softbank, has promised an investment of $ 500 billion in the United States, and Apple announced that it is investing $ 500 billion in the United States, which are just some of the other examples.
