Pharma

Trump signed sweeping executive order imposing 100% tariff on all imported patented pharmaceutical products. Companies building US manufacturing facilities can avoid tariffs aiming to onshore pharma production. Nifty Pharma index fell over 5% with all constituent stocks trading lower.

Eli Lilly partners with Insilico Medicine in a deal worth up to $2.75 billion, betting on AI to accelerate pharmaceutical R&D. $115M upfront, multiple undisclosed targets.