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Pharma stocks cap off best week in 23 years on Pfizer deal
The Straits Times
|October 06, 2025
Drug-pricing and tariff deal with US govt helps ease overhang weighing on sector
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Pharmaceutical stocks capped off their best week in 23 years last week as a drug-pricing and tariff deal with the US government helped ease an overhang that has been weighing on the sector for most of 2025.
The group’s advance was spurred by Pfizer on Sept 30 when it agreed to slash some of its drug prices for Americans enrolled in the Medicaid insurance programme in exchange for a three-year reprieve on import tariffs.
The New York-based company also agreed to invest US$70 billion (S$90.2 billion) in the US as part of an agreement with President Donald Trump.
The deal was seen as another sign of easing pressures on the pharmaceutical industry since he announced possible future tariffs on drug imports in April as well as drug-pricing reforms in May.
It followed the President’s move last week to exempt companies with US manufacturing from pharmaceutical levies in the first signal of relief for the sector.
This story is from the October 06, 2025 edition of The Straits Times.
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