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European pharma falls after Trump ramps up pressure to cut US drug prices

ReutersAug 1, 2025 8:06 AM

Shares of European drugmakers Novo Nordisk NOVOb.CO, AstraZeneca AZN.L, Sanofi SASY.PA, GSK GSK.L, Novartis NOVN.S, Roche ROG.S, Merck KGaA MRCG.DE fall between 1% and 3% in early trading

Trump sent letters to CEOs of these cos to cut U.S. drug prices

European healthcare index .SXDP falls 1.34% to lowest since April, top drag on broader Pan-European STOXX 600 index .STOXX, which is down 0.9%

Novo, AstraZeneca, GSK among top losers on .SXDP

S&P Healthcare subindex .SPXHC, NYSE Arca Pharmaceutical index .DRG closed more than 2% lower on Thursday after Trump's announcement

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