The Good, The Bad, And The Uncertain: Trump’s Second Administration And The Rx Industry

The pharma industry arguably suffered none of the possible downside risks during the first Trump Administration, but its relationship with Biden could not have been much worse. And while sponsors may hope a Trump return could improve their fortunes, having Robert F. Kennedy Jr. supervising the FDA is likely not the prescription they prefer.

With Trump’s return, pharma trades a disagreeable White House for an unpredictable one. (Shutterstock)
Key Takeaways
  • With Trump’s return, pharma trades a disagreeable White House for an unpredictable one. 
  • The nomination of Robert F. Kennedy Jr. to run HHS creates an unprecedented challenge for industry, especially in the upcoming user fee renewal negotiations. 
  • Republican control of Congress offers a favorable environment for many pharma priorities, but also will increase pressure to decouple the supply chain from China. 

If the pharmaceutical industry were to conjure a list of fears about what may happen to their US businesses during a democratic administration, Joe Biden’s four years in the White...

Price controls? Check. Declining stock prices even as the broader market grows? Check. Antitrust investigations aimed at limiting partnering and promotional options? Check and check.

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