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Novartis Q1 results weigh on pharma stocks

Published 04/19/2018, 01:18 PM
Updated 04/19/2018, 01:18 PM
© Reuters.  Novartis Q1 results weigh on pharma stocks
  • Big Biopharma and generic drug makers are in the red, pressured by Novartis' (NVS -3.1%) Q1 results that included 6% of price erosion in its Sandoz unit and less-than-expected sales of Cosentyx.
  • Shire plc (SHPG +0.3%) is now treading water after Allergan announced that it would not submit a bid leaving only Takeda, who may not have the resolve to pay what Shire demands.
  • Selected tickers: (OTCQX:RHHBY -0.6%)(ABBV -2%)(AGN -3.8%)(BMY -1.1%)(GSK -1.7%)(JNJ -0.6%)(LLY -1.1%)(MRK -0.7%)(NVO -2.3%)(PFE -0.4%)(VRX -2.5%)(TEVA -2.7%)(MNK -0.9%)(PRGO -1%)(MYL -0.9%)(ENDP -3.5%)
  • Now read: 3 Reasons Allergan Will Bottom


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