Industry groups play down Coronavirus' immediate risk to medicine supplies

Global efforts to stop the spread of the Coronavirus, or COVID-19, have been stepped up in recent days, with the combined situation in South Korea, Italy and Iran as well as the tens of thousands of people infected in China, causing UK broadcaster the BBC to call the outbreak “the early stages of pandemic”.

The effects across the world are already varied – from restrictions on the movement of people in certain geographies, to the closure of factories in China affecting supply chains across industries – and on Monday, financial markets were dented as investors wondered if the virus’ impact might be worse than previously feared.

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