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Investors bullish on biotechs after Trump drug pricing speech

Published 05/18/2018, 08:21 AM
Updated 05/18/2018, 08:21 AM
© Reuters.  Investors bullish on biotechs after Trump drug pricing speech
  • As any student of the healthcare equity market knows by now, money flow into biotech and healthcare funds jumped after President Trump revealed his (rather benign) plan to curb U.S. drug prices. STAT News' Adam Feuerstein reports that $819M flowed into the funds this week, the largest infusion since July of last year. Investors were apparently relieved that his plan did not include allowing Medicare to negotiate drug prices, although HHS Alex Azar disclosed that this may still be on the table.
  • Selected tickers: XLV, IBB, XBI, IHE, IYH, RYH, PJP, XPH, PPH, BBH, AMGN, BIIB, GILD, CELG, VRTX, OTCQX:RHHBY, ABBV, AGN, BMY, GSK, JNJ, LLY, MRK, NVO, NVS, PFE, SHPG, VRX, TEVA, MYL, PRGO
  • Previously: Expanding Medicare drug price negotiation? (May 15)
  • Previously: Trump speech on drug prices light on specifics (May 11)
  • Now read: AbbVie's Mavyret Could Punish Gilead Tuesday


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