Trump meets Novartis CEO, says drugmaker building 11 US plants

February 19, 2026 10:38 PM EST

Chief Executive Officer Novartis Vas Narasimhan attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2025. REUTERS/Yves Herman

ROME, Georgia, Feb ‌19 (Reuters) - U.S. ​President ​Donald Trump said he met Vas Narasimhan, the chief executive officer ‌of Swiss drugmaker Novartis, at the White ⁠House on Wednesday.

Trump, addressing workers at a steel ‌plant in Rome, Georgia ‌on Thursday, said Narasimhan told him during the meeting that his company was building ​11 U.S. plants as a result of the president's tariff policies.

"We appreciate ⁠the opportunity to update the U.S. government on our progress, ​including recent groundbreakings for manufacturing and research facilities in North Carolina and California ​and plans to expand ‌our radioligand therapy manufacturing network with a new site in Florida," ⁠a spokesperson for Novartis told Reuters in an emailed statement.

The statement did not add any ⁠details on the number of facilities planned in the ​U.S.

Last year, the Swiss drugmaker said it planned to spend $23 billion to build and expand 10 facilities ‌in the U.S. after the Trump administration threatened to impose drug ‌import duties.

(Reporting by Trevor Hunnicutt and Sneha ⁠SK, Additional reporting ‌by Abu Sultan ​in Bengaluru; Writing by Andrea Shalal, Editing by Bhargav Acharya and Kate ‌Mayberry)



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