MILAN, Nov 7 (Reuters) - Italian drug maker Recordati
is not concerned about potential new U.S. tariffs
under president-elect Donald Trump as it expects them to have no
impact on its rare diseases business, the company's chief
financial officer said on Friday.
One of the main concerns in Europe and elsewhere from
Trump's re-election victory this week is his campaign pledge to
impose tariffs on a wide range of goods, including
pharmaceutical products.
"Our business in the U.S. is only on rare diseases. I don't
know what the intentions are, the rare disease business
generally has different dynamics (from other potentially
affected pharma products)," Luigi La Corte told Reuters.
The CFO noted that the U.S. has become Recordati's leading
market in terms of turnover, with just under 17% of the total.
La Corte also said Recordati would unveil its 2025 outlook
in February, along with preliminary 2024 results, taking into
account its recent acquisition from Sanofi of the
global rights to Enjaymo, a rare immune disorder drug.
On the M&A front, he said Recordati continued to look for
opportunities in the speciality, primary care and rare diseases
sectors both in Europe and the U.S., and was examining several
dossiers.
Earlier on Friday, Recordati confirmed its 2024 guidance,
which it raised in July, after posting a 11.8% jump in its
nine-month core profit boosted by a strong business momentum in
the speciality and primary care and rare diseases segments.