A Rocky First Quarter For Big Pharma Stocks

 
• By Joseph Haas
  
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Big pharma stocks, with few exceptions, saw big declines in valuation in the quarter amid the COVID-19 stock market rollercoaster, but pharma outperformed the S&P 500, showing the industry's resiliency in a global health crisis.

Values decline of oil
Twelve of 13 big pharmas reviewed have suffered valuation declines over the first quarter

The economic impacts of the novel coronavirus pandemic have been widespread, with big pharma companies seeing double-digit declines in their valuations over the course of the first quarter of 2020, with a few exceptions. Ten of 13 big pharma stocks reviewed by Scrip suffered double-digit declines in value from 2 January through 31 March, and all but one declined to some degree.

Nonetheless, the sector outperformed the S&P 500, with only one of the 13 companies posting a higher quarterly percentage loss...

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