financetom
Business
financetom
/
Business
/
Italy's Recordati CEO sees rare disease drugs exempt from U.S. tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Italy's Recordati CEO sees rare disease drugs exempt from U.S. tariffs
Jul 30, 2025 6:59 AM

MILAN, July 30 (Reuters) - The head of Italian group

Recordati expects treatments for rare diseases to be

exempted from the 15% tariff the United States plans to impose

on imported European pharmaceutical products, he said on

Wednesday.

"From what we know, rare diseases get a special, better

treatment and are excluded from any tariffs," Chief Executive

Robert Koremans said during a conference call on the

pharmaceutical company's first-half results.

"It seems to be manageable," he added, referring to the

potential impact of the U.S. measures on the company's results.

Treatments for rare diseases are an important part of

Recordati's business, contributing revenues of 515.7 million

euros in the first half of 2025.

Under a framework trade deal announced between U.S.

President Donald Trump and the European Union on Sunday, the

White House says EU pharmaceuticals will be subject to 15%

tariffs.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Corteva reports larger-than-expected loss on low demand and pricing
Corteva reports larger-than-expected loss on low demand and pricing
Nov 9, 2024
(Reuters) - U.S. agrichemicals firm Corteva reported a larger-than-expected loss on Wednesday, hurt by lower sales and prices for its products, leading the company to also cut its full-year sales outlook. A decline in agricultural commodity prices has forced many farmers to rein in their spending on crop chemicals, hurting companies such as Corteva which makes pesticides and insecticide. Additionally,...
BRIEF-Health Catalyst signs definitive agreement to acquire Intraprise Health
BRIEF-Health Catalyst signs definitive agreement to acquire Intraprise Health
Nov 9, 2024
Nov 6 (Reuters) - Health Catalyst Inc ( HCAT ): * HEALTH CATALYST SIGNS DEFINITIVE AGREEMENT TO ACQUIRE TOP-RATED CYBERSECURITY PROVIDER, INTRAPRISE HEALTH * HEALTH CATALYST INC ( HCAT ) - TRANSACTION FUNDED WITH MIX OF CASH AND STOCK Source text: Further company coverage: ...
BRIEF-Terrascend signs definitive agreement to acquire dispensary in Ohio
BRIEF-Terrascend signs definitive agreement to acquire dispensary in Ohio
Nov 9, 2024
Nov 6 (Reuters) - Terrascend Corp ( TSNDF ): * TERRASCEND ENTERS OHIO WITH THE SIGNING OF DEFINITIVE AGREEMENT TO ACQUIRE A WELL SITUATED AND PROFITABLE DISPENSARY * TERRASCEND CORP ( TSNDF ) - DEAL VALUED AT $10.3 MILLION WITH $5 MILLION IN CASH * TERRASCEND CORP ( TSNDF ) - TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE ON EBITDA AND...
AppLovin Reports Higher Q3 Results Compared With Year-Ago Levels; Sets Q4 Outlook
AppLovin Reports Higher Q3 Results Compared With Year-Ago Levels; Sets Q4 Outlook
Nov 9, 2024
04:29 PM EST, 11/06/2024 (MT Newswires) -- AppLovin ( APP ) late Wednesday reported Q3 net income of $1.25 per diluted share, up from $0.30 a year earlier. Analysts polled by Capital IQ expected $0.93. Revenue for the quarter ended Sept. 30 was $1.20 billion, compared with $864.3 million a year earlier. Analysts expected $1.13 billion. For Q4, the software...
Copyright 2023-2026 - www.financetom.com All Rights Reserved