Business, Policy

New year, new tax rates. How did the world’s biggest drugmakers fare?

Biopharma is bursting with reports this month of how Trumpian tax breaks will affect the industry’s biggest players, with AbbVie’s {$ABBV} jaw-dropping 50% rate slash winning the award for most notable headline. Big Pharma joined the parade shortly thereafter, each touting tax rate projections that equate to big money on the books for 2018.

We collected reports from 13 of the biggest drugmakers affected by the US corporate tax cut — all with revenues in the double-digit billions — to gauge the average impact of the new law on Big Pharma (full list below).


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Biotech Primer Toronto 2018

Head of DMPK, Director
Magenta Therapeutics Cambridge, MA
Research Scientist - Disease Biology & Cellular Pharmacology
Recursion Pharmaceuticals Salt Lake City
Sr/Medical Director, Medical Affairs
A Rare Disease Biotech New Brunswick, NJ
VP, Pharmacovigilance
Aeglea BioTherapeutics Austin, TX
Process Scientist/Lead
Tmunity Therapeutics Philadelphia, PA

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