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Thursday
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12 February, 2026 |
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Sen. Bill Cassidy (R-LA) has introduced a new bill to ban the "first sale rule" — a little-known but legal trade loophole drugmakers are eyeing to sidestep President Donald Trump's future tariffs. Endpoints News has been closely following this story. |
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Anna Brown |
Biopharma Breaking News Reporter, Endpoints News
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Sen. Bill Cassidy (R-LA) (Bill Clark/CQ Roll Call via AP Images) |
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by Anna Brown
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A bill introduced in the Senate aims to close a customs “loophole” that the pharma industry has had on its radar as a potential way to mitigate tariffs. The measure by Sen.
Bill Cassidy (R-LA) seeks to stop use of a little-known trade principle called the "first sale rule." That rule allows companies to reduce the value of a product declared at US customs, substantially lowering the tariff duty they would have to pay. The bipartisan bill would ensure importers pay duties based on the actual commercial value of the imported product, according to a Wednesday press release. | |
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by Anna Brown
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Novo Nordisk is ramping up its footprint in Ireland with a planned expansion of its Athlone factory to make its Wegovy pill, the company confirmed to Endpoints News. The Athlone site will supply the pill to markets outside of the US, Novo said, without providing details on how much it was investing or when the expansion will be completed. The Danish drugmaker’s Wegovy pill version was launched last month and flew off the shelves, with prescription numbers increasing by roughly 500% in the pill’s second week. Analysts remain cautious, noting that a week’s numbers don't equal a trend Further, Novo won't dominate the oral GLP-1 space for long: Rival Eli Lilly is
expected to launch its competitor pill orforglipron in this year's second quarter. Lilly has already poured billions into its orforglipron manufacturing footprint, committing to build factories in Texas and Alabama. | |
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President Donald Trump with HHS Secretary Robert F. Kennedy Jr. (Francis Chung/Politico via AP Images) |
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by Zachary Brennan
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HHS Secretary Robert F. Kennedy Jr. repeated claims Monday that the threat of tariffs and President Donald Trump's "personal intervention" have pushed European countries to raise drug prices. While that's not backed up by any current European-wide data, pharma execs are expecting prices to rise there. "The Europeans were very good at negotiating,"
Kennedy said in remarks to the right-leaning nonprofit Heritage Foundation. He said Trump called him and CMS Administrator Mehmet Oz — sometimes in the middle of the night and "almost angry" — to get the so-called most favored nation deals done and to use "tariffs to force the Europeans to raise their drug prices." | |
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by Nicole DeFeudis
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Chinese prosecutors have charged two of AstraZeneca’s former senior employees with illegal trade, unlawful collection of personal information, and medical insurance fraud, the company said this week. AstraZeneca disclosed the charges in its fourth-quarter earnings announcement on Tuesday. The Financial Times reported Wednesday that one of those employees is Leon Wang, former head of AstraZeneca’s China business. Endpoints News is majority-owned by the FT, but operates independently. AstraZeneca didn't respond to
requests for comment in time for publication. AstraZeneca's China subsidiary was also charged with unlawful collection of personal information and illegal trade, the company said. But it added that prosecutors made no allegations that the subsidiary received an illegal gain in connection with the information collection charge. | |
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by Anna Brown
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One day after bumping out CEO Paul McKenzie, Australia’s CSL revealed what he left behind: declining profit and a $1.1 billion hole due to lower US vaccine demand and increased generic competition. CSL announced McKenzie would retire immediately after the board “recognized he didn’t have the skills that we wanted for the future,” chairman Brian McNamee said Tuesday. The company has faced a tumultuous few years with failed spinoffs, headcount reductions and site closures. Net profit for the last six months of 2025 crashed by 81% and total revenue dropped 4% to $8.3 billion, CSL said Wednesday. The company will take $1.1 billion in impairment charges this year, most of it in the first half. Even with the headwinds, CSL maintained its guidance for fiscal 2026, projecting
revenue growth of 2% to 3%. | |
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by Anna Brown
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The UK is "absolutely" still an attractive place for investment by manufacturers, Fujifilm Biotechnologies CEO Lars Petersen told Endpoints News in an interview, as the contract manufacturer opens its newly expanded facility in Teesside, England. Last year, a number of large pharma companies, including Merck, AstraZeneca and Eli Lilly, pulled out or paused UK investments, criticizing the government for not prioritizing the life science sector and making the country an unattractive place to do business. That outflow hasn't impacted CDMOs downstream, Petersen said. “We have not seen pressure
from customers saying: ‘Hey, we would not utilize your facility in the UK,’ not at all. We see a lot of interest in our facility,” he said. | |
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