Wednesday, June 25, 2008

Has the Storm Passed for Pharma Stocks?

So have pharmaceutical stocks weathered the storm, or is there more trouble to come?
In a note today, JP Morgan analyst Chris Schott suggests the hard rain isn’t about to let up:
“Faced with FDA uncertainty, a wave of upcoming patent expirations and mixed pipeline prospects, the group is no longer the defensive sector of the past,” [...]

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