UCB Obtains Pharmaceutical Tariff Exemption in the United States
UCB announced on August 31, 2026, that it has concluded an agreement with the United States government concerning access to medicines and investment in research and production on American territory.
In return, the Belgian group will be exempted from certain pharmaceutical tariffs and future tariff obligations.
An Agreement Linking Medicine Access and American Investments
UCB, a biopharmaceutical company listed on Euronext Brussels, stated that it has reached an agreement with the American government designed to support patient access to its medicines, while enabling investments in research, development, and manufacturing of treatments for severe neurological and immunological diseases.
The announcement was made from Brussels (Belgium) and Atlanta (Georgia) on August 31, 2026. The specific terms of the agreement remain confidential.
Exemption from Section 232 Tariffs
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Under the terms of this agreement, UCB will not be subject to pharmaceutical tariffs provided for under Section 232 on all of its current products, nor to future pricing obligations.
In parallel, the group will donate Keppra (levetiracetam), recognized as an essential medicine by the FDA, in the form of active pharmaceutical ingredient and tablets, to the national stockpile of the Administration for Strategic Preparedness and Response (ASPR).
A Biomedical Manufacturing Facility in Georgia and Expanded American Presence
Earlier this year, UCB had committed to expanding its industrial footprint in the United States, with a new biopharmaceutical manufacturing facility in Georgia, presented as the largest manufacturing investment in its history. This site is expected to generate approximately 5 billion dollars of economic impact in the United States and create approximately 330 permanent skilled jobs.
UCB has had an American presence for several decades, with its American headquarters, eight offices distributed across six communities, and nearly 2,000 employees. The group states that it has increased its American workforce by more than 70% since 2017 and obtained 15 FDA approvals over the past decade.
SectorPharmacie et biotechnologies›Vaccins et laboratoires de recherche
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 4 270 millions d'euros
Quarterly revenue: 4 270 millions d'euros
Revenue growth: 22,5 %
EBITDA: 1 685 millions d'euros
EBITDA margin: 40,7 %
Net income: 1 111 millions d'euros
2 821 millions d'euros
Guidance from the release
Based on the continued strong growth, revenue is expected to grow in the low-teens to mid-teens percentage range; Reflecting our strong execution and confidence in the outlook
Risks mentioned
Perte d'exclusivité de BRIVIACT aux États-Unis depuis février 2026 et en Europe attendue en août 2026
Ventes de VIMPAT au Japon affectées par l'arrivée de génériques fin 2025
Expiration en 2026 de la protection brevetaire de CIMZIA au Japon
Opportunities identified
Objectif de ventes maximales de BIMZELX relevé à au moins 7 milliards d'euros
Supériorité de BIMZELX sur risankizumab dans le rhumatisme psoriasique (étude BE BOLD)
FINTEPLA déposé dans le syndrome CDKL5 auprès de la FDA et de l'EMA, Phase 3 lancée dans le syndrome de Rett
Outlook / guidance
Management commentary: revenue is expected to grow in the low-teens to mid-teens percentage range at constant exchange rates (CER). Adjusted EBITDA² is expected to grow in the mid-teens to low-twenties percentage range at CER. Excluding other operating one-offs in 2025, adjusted EBITDA² growth is expected to be in the mid-twenties to low-thirties percentage range at CER.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.