Posted on 04/10/2025 11:25:08 PM PDT by CFW
Swiss pharmaceutical giant Novartis (NVS) said it plans to invest $23 billion in the construction and expansion of 10 U.S. facilities, as drugmakers brace for potential tariffs from the Trump administration.
The planned investment includes six new manufacturing plants and a San Diego-based research and development site to be built over the next five years. Two of the six plants, which Novartis said will manufacture cancer therapies, are slated to be built in Florida and Texas.
Novartis said it expects the projects to create more than 4,000 American jobs, including 1,000 roles at the company.
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In February, rival drugmaker Eli Lilly (LLY) said it would invest at least $27 billion to build four new pharmaceutical manufacturing sites in the U.S. A month later, Johnson & Johnson (JNJ) announced plans to raise its domestic investments to $55 billion over the next four years. 3 Johnson & Johnson. “Johnson & Johnson Increases U.S. Investment to More than $55 Billion Over the Next Four Years.”
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BTTT
Not to mention the rest of the world gets their medications at a discount while people in the US pay the full freight for R&D and marketing.
The first of what will be many. We are going to claw back production of pharmaceuticals in this country. It wasn’t that long ago when we produced all we needed and imported practically none.
And Obama and the Democrats pretty much drove the manufacturing component of the Pharma business off shore over the space of a few short years.
They were literally auctioning off entire Pharma plants for pennies on the dollar.
, Some of these manufacturing plants were virtually brand new and were equipped with brand new, barely used state of the art equipment.
The plants were all cut apart and all the very expensive, brand new, sophisticated state of the art equipment was shipped to China to relocate US Pharma production there and also to allow the Chinese to figure out how to reverse engineer the American production equipment so the equipment could be made in China for a fraction of the cost to put the American and EU suppliers of highly specialized Pharma equipment out of business.
Exactly the same thing happened to the photo voltaic solar cell manufacturing industry in the US.
The Obama Administration pumped billions of Obama Bucks into US solar energy manufacturing equipment, crashed the system as soon as the brand new high tech systems came online and saw to it that all the equipment was auctioned off for pennies of the dollar and shipped to China.
Now China uses this American developed and funded manufacturing equipment, all purchased at a fraction of it's original taxpayer funded acquisition price, to dominate the world's pharmaceutical and solar energy markets.
And a lot of American politicians got paid off very well for their part in the destruction of the American pharma and solar cell industries that Americans pioneered and the relocation to China.
If the American people ever figure out just how badly our Obama led uni party has sold this country out and how much damage they did to our national security and economic strength those responsible will be hanging from lamp poles
Due to some special tax breaks, a ton of US pharmaceutical manufacturing used to take place in Puerto Rico. A whole bunch of it used to take place there as recently as the early 2000s.
We should never have allowed something as vital to national security as the production of even basic essential drugs like aspirin and antibiotics to be dominated by a competitor like China. Its bad enough we no longer make it ourselves but the very least we should have done is make sure we source it from a close democratic ally. That goes for key defense components, rare earths, pharma, medical equipment, any and every thing critical to national security.
I have had VERY GOOD opinions of Novartis. They have helped me with a very effective, yet expensive medicine for my heart. It’s called ENTRESTO and it helped rebuild damaged tissue after my heart attack over 20 years ago.
Many of the jobs and capacity went to Europe in places like Ireland that had a much more favorable corporate tax rate. One of those jobs was mine.
If true, all of that is outright treason. Those responsible MUST be investigated, indicted, tried and if found to be guilty of what you have written, hanged. If these people are not arrested, they will facilitate the conquest of the United States by China so that the Chinese will kill everyone who wants justice for what they have done.
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