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Trump meets Novartis CEO, says drugmaker building 11 US plants

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The Swiss drugmaker plans to invest US$23 billion in the US after threats of drug import duties from the Trump administration.

ROME: US President Donald Trump said he met Vas Narasimhan, the chief executive officer of Swiss drugmaker Novartis, at the White House on Wednesday.

Trump, addressing workers at a steel plant in Rome, Georgia, on Thursday, said Narasimhan told him during the meeting that his company was building 11 US plants as a result of the president’s tariff policies.

“We appreciate the opportunity to update the US government on our progress, including recent groundbreakings for manufacturing and research facilities in North Carolina and California and plans to expand our radioligand therapy manufacturing network with a new site in Florida,” a spokesperson for Novartis told Reuters in an emailed statement.

Tags:Donald Trumpdrug manufacturingNorth CarolinaNovartis CEOPharma expansionRadioligand therapysteel plantUS investmentUS tariffsVas Narasimhan


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