April 30 (Reuters) - British drugmaker GSK said
it was "well positioned" to respond to any potential impact from
sector-specific tariffs if they were implemented and it had
identified options within its supply chain and productivity
initiatives to mitigate any hit.
U.S. President Donald Trump this month reiterated plans for
a "major" tariff on pharmaceutical imports, but he has not said
when and by how much he plans to raise levies on pharmaceutical
imports which could threaten an interwoven global supply chain
and raise U.S. drug costs by $51 billion annually.
Still, GSK reaffirmed its 2025 forecasts on Wednesday after
higher first-quarter turnover of 7.52 billion pounds ($10.07
billion) and core profit of 44.9 pence per share surpassed
analysts' expectations.
It was not immediately clear whether the drugmaker's outlook
had factored in the impact from tariffs and the company did not
give further details on the options identified.
In February, GSK had lifted its long-term sales target to
over 40 billion pounds by 2031, but uncertainties around U.S.
tariffs on pharmaceutical imports and the Trump administration's
policies on vaccines and HIV prevention loom large on drugmakers
in the near term.
($1 = 0.7468 pounds)