Look back at pharma news to June 24
By Barbara Obstoj-Cardwell. Editor
Britain's unexpected vote on Thursday to leave the European Union, which saw currency and stock markets in turmoil in Friday, has left many scrambling to determine the impact on markets and various sectors.
In medicine they talk about triage in making quick decisions to save lives. Central bankers and politicians across Europe will be performing financial triage this weekend on the UK and EU. But big Pharma execs and their financial staffs will also be working overtime to monitor their cash reserves and scrutinize their corporate financial structures, said Steve Brozak writing in Forbes magazine. Corporations like predictability and Brexit represents the antithesis to that order. Pharmaceutical entities will react to this dislocation in a fairly predictable manner, he stated
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