financetom
Business
financetom
/
Business
/
Next medicine deal after Pfizer? Analysts, shares point to AstraZeneca, Eli Lilly
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Next medicine deal after Pfizer? Analysts, shares point to AstraZeneca, Eli Lilly
Oct 10, 2025 7:31 AM

By Bhanvi Satija and Maggie Fick

LONDON, Oct 10 (Reuters) - Wall Street is looking to

U.S. drugmaker Eli Lilly ( LLY ) and Anglo-Swedish rival

AstraZeneca ( AZN ) as the potential next in line after Pfizer ( PFE )

struck a deal with Donald Trump's administration to

lower drug prices last week.

Reuters spoke to seven healthcare analysts and investors.

Four said Lilly could be next to make a deal, while three

pointed to AstraZeneca ( AZN ). Others mentioned Merck ( MRK ), AbbVie ( ABBV )

, Regeneron and Bristol-Myers Squibb ( BMY ).

Reuters could not independently confirm any such deals were

in the offing, but drugmakers have been jostling to get a deal

after Pfizer's ( PFE ) September 29 agreement that pledged lower prices

via Medicaid for relief on tariffs on imported medicines.

Lucy Coutts, a UK-based investment director at wealth

manager JM Finn, predicted that AstraZeneca ( AZN ) could be next after

it broke ground on a $4.5 billion plant in Virginia this week

and is planning a U.S. listing of its shares.

"I'd like to think it will be AstraZeneca ( AZN ) given revenues

from U.S., its investment in manufacturing and R&D in the US and

implementing a dual listing on NYSE," she said.

Lilly said it did not have specific details to share about

its discussions with the administration at this time.

AstraZeneca ( AZN ) did not immediately respond to a Reuters' request

for comment.

READING THE PHARMA SECTOR TEA LEAVES

Reading the tea leaves with President Trump, however, is not

for the faint-hearted. The Pfizer ( PFE ) deal caught many in the

industry unaware, though most firms have been looking to get

into his good books amid threats of tariffs.

The Pfizer ( PFE ) deal boosted pharma sector shares, with Eli Lilly ( LLY )

the biggest gainer since then and AstraZeneca ( AZN ) second. Denmark's

Novo Nordisk, Pfizer ( PFE ) itself and Novartis

lag.

Reuters reported last week that the U.S. government is

pursuing deals across as many as 30 industries - including

pharmaceuticals. According to two sources, pharma executives are

receiving near-daily calls from senior government officials.

Gareth Powell, head of healthcare at London-based investment

fund Polar Capital, said that an announcement from Lilly could

be in the works, followed by AstraZeneca ( AZN ).

Eli Lilly ( LLY ) said last month it will invest $5 billion to build

a manufacturing facility in Virginia, part of a $27 billion U.S.

expansion over the next five years.

Several other pharmaceutical giants - including AstraZeneca ( AZN ),

Pfizer ( PFE ), Novartis, and Johnson & Johnson ( JNJ ) - have announced

U.S. investments this year.

Lilly and AstraZeneca ( AZN ) were among the 17 leading drug

companies who received a letter from Trump in July telling them

to slash prices to match those paid overseas.

Powell said Trump was close to the chief executive officers

of Lilly, Pfizer ( PFE ) and Regeneron, all U.S. firms.

"If you notice those 17 letters that he sent to pharma, he

crossed out the typed up names for Lilly, Pfizer ( PFE ) and Regeneron,

and wrote it in pen their names in a sort of more friendly

manner," he said.

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 >
Sun Communities Insider Sold Shares Worth $525,920, According to a Recent SEC Filing
Sun Communities Insider Sold Shares Worth $525,920, According to a Recent SEC Filing
Mar 25, 2024
12:18 PM EDT, 03/25/2024 (MT Newswires) -- Baxter Underwood, CEO, Safe Harbor Marinas, LLC, on March 22, 2024, sold 4,000 shares in Sun Communities ( SUI ) for $525,920. Following the Form 4 filing with the SEC, Underwood has control over a total of 66,852 shares of the company, with 66,852 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/912593/000091259324000142/xslF345X03/wk-form4_1711383148.xml Price: 127.81, Change:...
Elbit Systems Wins $300 Million Supply Contract From International Customer
Elbit Systems Wins $300 Million Supply Contract From International Customer
Mar 25, 2024
12:18 PM EDT, 03/25/2024 (MT Newswires) -- Elbit Systems ( ESLT ) said Monday it won a $300 million contract to deliver defense solutions to an international customer. The contract has a performance period of 10 years, according to the company. Elbit ( ESLT ) shares were up 1.4% in recent trading. Price: 204.78, Change: +2.78, Percent Change: +1.38 ...
Market Chatter: Tyson Foods Faces Shareholder Lawsuit Over Alleged Child Labor Violation
Market Chatter: Tyson Foods Faces Shareholder Lawsuit Over Alleged Child Labor Violation
Mar 25, 2024
12:14 PM EDT, 03/25/2024 (MT Newswires) -- Tyson Foods ( TSN ) faces a shareholder lawsuit seeking internal company documents for alleged use of illegal child labor at its plants, Bloomberg News reported Monday, citing court documents. The lawsuit was filed in Delaware's Chancery Court on March 22 over concerns that the company is ignoring exploitation of children placed by...
Electronic Arts Prospects for Steady Growth in FC, Core Franchises Remain Positive, Oppenheimer Says
Electronic Arts Prospects for Steady Growth in FC, Core Franchises Remain Positive, Oppenheimer Says
Mar 25, 2024
12:20 PM EDT, 03/25/2024 (MT Newswires) -- Electronic Arts' ( EA ) prospects for maintaining steady growth in core franchises such as FC in soccer are positive, Oppenheimer said Monday in a report. FC25 and beyond will also incorporate more innovative modes for player engagement and play patterns, now that the 'shackles' from FIFA license agreements are gone, Oppenheimer said....
Copyright 2023-2026 - www.financetom.com All Rights Reserved