Trump taking momentum out of healthcare stocks, says analyst
The mixed messages on drug pricing policy coming from new US President Donald Trump’s administration are starting to harm healthcare stocks, according to an analyst at the independent broker finnCap.
Mark Brewer states in his Life Sciences quarterly sector note – Rude Health – that he believes that investors could now turn their attention to the diagnostics sector.
“Pharmaceutical pricing pressure remains post the US election with a focus on headline costs per patient,” the note states, citing companies which have come under fire for their prices and been forced into a response, including Netherlands-incorporated Mylan (Nasdaq: MYL) and privately-held Marathon Pharmaceuticals.
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