The Trump administration is preparing new trade measures. These plans could reshape the global drug industry. Trump’s pharmaceutical tariffs target imported medicines and their core ingredients. This follows the President’s “America First” agenda. He uses tariffs to protect American industries. These measures aim to help US manufacturing flourish. They also reduce dependency on other nations. The Goal Behind Trump’s Pharmaceutical…
Tag: pharmaceuticals
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SA Pharma Sector Unfazed by US Tariffs Impact
The SA pharma sector remains unfazed. South Africa’s largest trade association for pharmaceutical manufacturers has stated that it foresees no immediate risk to the local sector. This follows the announcement of sweeping tariffs by US President Donald Trump last week. According to Stavros Nicolaou, Chair of the Pharmaceutical Task Group (PTG), several factors mitigate the impact on the nation’s drug…
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Competition Commission probes insulin price fixing
The Competition Commission in South Africa has launched a formal investigation into leading insulin manufacturers Novo Nordisk and Sanofi Aventis following serious allegations of anti-competitive conduct. The inquiry was initiated after health activists complained about Novo Nordisk’s decision to cease supplying human insulin pens to the country’s Health Department in 2024. This move has forced thousands of diabetic patients to…