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Today's Briefing
Sunday, Apr 12, 2026

GSK and AbbVie Report Positive Cancer Drug Data Amidst New US Tariffs on Branded Pharma Imports

  • GSK announced promising early-stage trial results for Mocertatug Rezetecan (Mo-Rez), an antibody-drug conjugate (ADC) for gynecological cancers, on April 12, 2026. The treatment demonstrated tumor shrinkage or elimination in 62% of ovarian cancer patients and 67% of endometrial cancer patients where chemotherapy had previously failed, leading the company to plan for late-stage trials.

  • AbbVie presented late-breaking Phase 2 data for mirvetuximab soravtansine-gynx (ELAHERE®) at the Society of Gynecologic Oncology (SGO) Annual Meeting on April 12, 2026, revealing an objective response rate of 62.7% in patients with folate receptor alpha (FRα)-expressing, platinum-sensitive ovarian cancer. The findings highlight the drug's potential across the ovarian cancer treatment continuum, with a median duration of response of 11.2 months across the overall patient population.

  • The Trump administration announced a new 100% tariff on patented branded pharmaceutical products and their ingredients entering the U.S., effective with a phased rollout starting July 31, 2026, for large companies and September 29, 2026, for others. This policy, stemming from a Section 232 investigation into national security impacts of pharmaceutical imports, notably exempts generic pharmaceuticals and biosimilars, and a separate UK-US deal ensures British drug exports are also exempt, while EU and Ireland's pharmaceutical exports continue to face a 15% tariff.

The Bottom Line

Recent advancements in oncology, particularly for gynecological cancers, show continued innovation from major pharmaceutical players like GSK and AbbVie. However, the broader industry faces significant new trade policy challenges with the imposition of a 100% U.S. tariff on branded pharmaceuticals, creating a complex and potentially uneven global market landscape.

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