Notice of Request for Public Comments on Section 232 National Security Investigation of Imports of Pharmaceuticals and Pharmaceutical Ingredients
BIS ruleInvestigation openedFederal Register 25/04/16Open the original
Summary
The Secretary of Commerce opened a Section 232 investigation on April 1, 2025, into imports of pharmaceuticals and pharmaceutical ingredients, including finished drugs and active ingredients, and their derivative products. BIS requests comments by May 7, 2025.
By industry
- Healthcare & Drug Pricing1 trading day+0.7%p15 stocks5 trading days−2.3%p15 stocks20 trading days−18.2%p15 stocks
“National Security Investigation of Imports of Pharmaceuticals and Pharmaceutical Ingredients”
Day by day after the announcement
| Day | Healthcare & Drug Pricing stocks | S&P 500 |
|---|---|---|
| 25/04/15 | 0.0% | 0.0% |
| 25/04/16 | −1.1% | −1.9% |
| 25/04/17 | −1.6% | −1.3% |
| 25/04/21 | −3.5% | −4.0% |
| 25/04/22 | −2.3% | +0.3% |
| 25/04/23 | −1.9% | +0.3% |
| 25/04/24 | −1.3% | +2.6% |
| 25/04/25 | −0.8% | +3.0% |
| 25/04/28 | −0.3% | +2.8% |
| 25/04/29 | +0.5% | +3.3% |
| 25/04/30 | +1.7% | +4.3% |
| 25/05/01 | −0.1% | +4.2% |
| 25/05/02 | +0.6% | +5.9% |
| 25/05/05 | +0.4% | +5.2% |
| 25/05/06 | −2.1% | +5.2% |
| 25/05/07 | −1.4% | +4.8% |
| 25/05/08 | −3.0% | +5.5% |
| 25/05/09 | −4.1% | +5.5% |
| 25/05/12 | −2.8% | +9.0% |
| 25/05/13 | −6.0% | +9.7% |
| 25/05/14 | −8.5% | +9.7% |
Korean stocks in these industries
- Samsung Biologics 207940
- Celltrion 068270
- SK Biopharmaceuticals 326030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Stephen J. Hemsley
BuyUnitedhealth Group
BuyUnitedhealth Group
UNH
$25M
86,700 sh
$25M
Filed 25/05/16
Traded 25/05/16
- John F. Rex
BuyUnitedhealth Group
BuyUnitedhealth Group
UNH
$5M
17,175 sh
$5M
Filed 25/05/16
Traded 25/05/16
- Kristen Gil
BuyUnitedhealth Group
BuyUnitedhealth Group
UNH
$1M
3,700 sh
$1M
Filed 25/05/16
Traded 25/05/15
- Timothy Patrick Flynn
BuyUnitedhealth Group
BuyUnitedhealth Group
UNH
$491.8K
1,533 sh
$491.8K
Filed 25/05/16
Traded 25/05/14
- John H. Noseworthy
BuyUnitedhealth Group
BuyUnitedhealth Group
UNH
$93.6K
300 sh
$93.6K
Filed 25/05/16
Traded 25/05/14
- Samit Hirawat
BuyBristol Myers Squibb
BuyBristol Myers Squibb
BMY
$202.2K
4,250 sh
$202.2K
Filed 25/04/29
Traded 25/04/25
- Julia Letlow
BuyUnitedhealth Group
BuyUnitedhealth Group
UNH
$1K–$15K
Self
$1K–$15K
Reported 01/13
Traded 25/04/22
- Larry Robbins
SellCVS Health
SellCVS Health
CVS
$113.2M
1,679,736 sh
$113.2M
Filed 25/05/06
Traded 25/05/02
- Larry Robbins
SellCVS Health
SellCVS Health
CVS
$82.7M
1,226,933 sh
$82.7M
Filed 25/05/06
Traded 25/05/05
- Jeffrey Ryan Stewart
SellAbbVie
SellAbbVie
ABBV
$7M
33,132 sh
$7M
Filed 25/04/02
Traded 25/03/31
- Jeffrey Ryan Stewart
SellAbbVie
SellAbbVie
ABBV
$5.4M
25,700 sh
$5.4M
Filed 25/04/02
Traded 25/03/31
- Julia Letlow
Full saleCigna Group
Full saleCigna Group
CI
$1K–$15K
Self
$1K–$15K
Reported 01/13
Traded 25/04/22
- Julia Letlow
BuyAbbVie
BuyAbbVie
ABBV
$1K–$15K
Self
$1K–$15K
Reported 01/13
Traded 25/04/28
- John Boozman
BuyUnitedhealth Group
BuyUnitedhealth Group
UNH
$1K–$15K
Joint
$1K–$15K
Reported 25/05/14
Traded 25/04/16
- Larry Robbins
SellCVS Health
SellCVS Health
CVS
$26M
373,776 sh
$26M
Filed 25/05/06
Traded 25/05/02
- Mark Kaye
SellElevance Health
SellElevance Health
ELV
$1.9M
4,588 sh
$1.9M
Filed 25/04/25
Traded 25/04/24
- Larry Robbins
SellCVS Health
SellCVS Health
CVS
$15.2M
222,556 sh
$15.2M
Filed 25/05/06
Traded 25/05/02
- Tommy Tuberville
Full saleELI Lilly
Full saleELI Lilly
LLY
$15K–$50K
Joint
$15K–$50K
Reported 25/05/15
Traded 25/04/15
- Tommy Tuberville
Full saleAmgen
Full saleAmgen
AMGN
$15K–$50K
Joint
$15K–$50K
Reported 25/05/15
Traded 25/04/15
- Larry Robbins
SellCVS Health
SellCVS Health
CVS
$10M
150,000 sh
$10M
Filed 25/05/06
Traded 25/05/06