CSL (ASX:CSL) says it does not "expect any material impact" from the new US pharmaceutical tariff regime, The Australian reported Friday, citing a company spokesperson.
The US administration said it would impose a 100% tariff on imports of branded or patented pharmaceutical products, effective Oct. 1, unless the company is constructing a manufacturing plant in the US.
The firm has a "very significant US manufacturing footprint," the spokesperson added.
It is expanding its US capabilities to meet demand for its therapies, and it will monitor further pronouncements from the administration in relation to the details of the tariffs.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)