LONDON, May 14 (Reuters) - U.S. President Donald Trump's
executive order on drug pricing threatens Roche's
planned $50 billion investment in the United States, the company
said on Wednesday.
Trump's order, signed Monday, directs drugmakers to lower
prices of brand-name medicines to align with those in other
wealthy nations. Analysts and legal experts say the policy would
be difficult to implement.
"Should the proposed EO (Executive Order) go into effect,
Roche's ability to fund the significant investments previously
announced in the U.S. will be in question," the company said in
a statement.
Roche said it did not expect the executive order to affect
its business in 2025, and said it would continue engaging with
the Trump administration and Congress.
Roche in April announced it would invest $50 billion in the
U.S. over the next five years, creating more than 12,000 jobs.
It is among several drugmakers, including Eli Lilly ( LLY ),
Johnson & Johnson ( JNJ ) and Novartis, to announce
large-scale U.S. investments in response to Trump's push to
onshore pharmaceutical manufacturing.
Since taking office, Trump has repeatedly threatened to levy
tariffs on medicines and his administration is conducting an
investigation into imports of pharmaceuticals in an effort to
impose tariffs on national security grounds.