European pharma stocks follow Asia peers down as Trump moves to cut prices
ReutersMay 12, 2025 6:31 AM
MILAN, May 12 (Reuters) - European drugmakers stocks fell in early trading on Monday after U.S. President Donald Trump said he would sign an executive order on reducing prescription drug and pharmaceutical prices.
Frankfurt-listed shares in Novo Nordisk NOVOb.CO, AstraZeneca AZN.L, GSK GSK.L and Roche Holding ROG.S were down between 1% and 5%, underperforming a gain in broader European stock index futures.
Their declines followed losses in shares of Asian competitors.
In Japan, the pharmaceutical sector .IPHAM.T fell over 4% to become the worst performer among the Tokyo Stock Exchange's 33 industry sub-indexes. Indian pharma stocks were also lower.
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