Stockwatch: Reasons to be anxious
This article was originally published in Scrip
I once asked my then-toddler daughter if hearing her baby brother crying in the next room while her mother changed him made her feel as anxious as it did me. She replied that it might do if I told her what anxious meant. With stock markets either stagnant or in retreat and clinical trials failing every week there are plenty of reasons for investors to feel anxious.
You may also be interested in...
Lexicon’s announcement of two positive cardiovascular outcome studies was tempered by the realization that its drug is not approved in the US, nor in Europe in the diabetic populations studied.
Among big pharma there is a creeping realization that the effects of the coronavirus on revenues and prescriptions may linger. At smaller biotechs, it is patently obvious.
It is one thing to aspire to build a rival to another company’s banner therapeutic franchise, but quite another to start from the ground up, especially when your form in that area is mixed.