President Donald Trump signed an executive order aimed at incentivizing prescription drug manufacturing in the U.S. The order seeks to streamline the path for pharmaceutical companies to build new production sites domestically, ahead of potential tariffs on imported medicines.
The executive order directs the Food and Drug Administration (FDA) to reduce the time required to approve U.S. manufacturing plants by eliminating unnecessary requirements and streamlining reviews. It also mandates raising inspection fees for foreign manufacturing plants and improving enforcement of active-ingredient source reporting by overseas producers.
This initiative is designed to bring medical supply chains back to the U.S., which the White House views as crucial for national security. The policy could influence Pfizer's operational strategies and investment decisions, particularly given CEO Albert Bourla's recent statements that tariff uncertainty is deterring further U.S. investment in manufacturing and R&D.
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