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bloomberg : declared in It’s the Drug Industry’s Turn to Tremble Before Trump

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We will quote to you most important and trendy news about Drug of the best health sites Like : “bloomberg” and the most famous medical experts : Robert Langreth

daily : 2017-01-12 & on time : 13:27

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It’s the Drug Industry’s Turn to Tremble Before Trump

It’s the Drug Industry’s Turn to Tremble Before Trump

image uploaded by “bloomberg” site

In a hallway of a San Francisco luxury hotel, investors huddled around a computer screen watching dozens of drug stocks plummet as President-elect Donald Trump lit into pharma companies, declaring that “they’re getting away with murder.” As for Obamacare, he said, “it’ll be repeal and replace.”The mood was shock and disbelief as thousands of health-care investors, bankers and executives gathered at the cramped Westin St. Francis Hotel.Many had paid thousands of dollars to attend the industry’s biggest investing get-together of the year, the four-day J.P. Morgan Healthcare Conference.And they had spent the last days speculating about what policies Trump would push in health care.

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Drug Stocks Plunge as Trump Threatens to Force Price Bidding

Drug Stocks Plunge as Trump Threatens to Force Price Bidding

image uploaded by “bloomberg” site

Pharmaceutical and biotech stocks plummeted after President-elect Donald Trump said he’d force the industry to bid for government business, a position that aligns him with congressional Democrats and against the powerful drug-manufacturing lobby.“They’re getting away with murder,” Trump said at a press conference in New York.“Pharma has a lot of lobbyists and a lot of power and there is very little bidding.

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Drug stocks plunge as Trump threatens to force price bidding

Drug stocks plunge as Trump threatens to force price bidding

image uploaded by “seattletimes” site

The Nasdaq Biotechnology Index fell 3 percent in New York on Wednesday as investors, who had been betting that Trump would be good for the industry, reversed course as the president-elect focused on drug prices.Pharmaceutical and biotech stocks plummeted Wednesday after President-elect Donald Trump said he’d force the industry to bid for government business, a position that aligns him with congressional Democrats and against the powerful drug-manufacturing lobby.“They’re getting away with murder,” Trump said at a news conference in New York.

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