Stock Watch: Core Business Drags As Roche Disappoints And Sanofi Reclassifies
Q1 Earnings Highlight Plight Of Core Pharmaceutical Businesses
• By Andy Smith
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After the volatility of pandemic-related sales, investor and analyst attention turned to pharma’s core businesses. With exclusivity losses weighing on those large components of pharma, Sanofi’s reclassification may bring some unwelcome attention.
ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS
In contrast with its Swiss compatriot Novartis AG, when Roche Holding AG reported its first-quarter financial results its stock price opened down by 3%. Roche’s stock price eventually closed down by over 3% compared with the NYSE Arca Pharmaceutical Index’s (DRG’s) decline of less than 1% on the same day.
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