JERUSALEM, July 30 (Reuters) - The CEO of Israel's Teva
Pharmaceutical Industries said on Wednesday there was
"big ambiguity" and "so many unanswered questions" in the drugs
sector regarding potential U.S. tariffs, but the company was
positioned for minimal impact.
Richard Francis said 70% of Teva's generics business was
outside of the United States while most of its branded drugs
business was in the U.S., with its largest drug - Huntington's
Disease treatment Austedo - manufactured there.
He told Reuters after Teva issued second-quarter
earnings that it had a favourable supply chain - no reliance on
China and very little in India. "Those aspects just set us up in
the face of this change, probably a lot better than our
competitors," he said.
"I feel we have the ability to put ourselves in a good
position here, with the caveat - I need to know the details."