US government shutdown starts to bite on pharma, report finds
A new report from RBC Capital Markets investigates the potential impact of the ongoing US government shutdown on the pharmaceutical industry.
A result of US President Donald Trump’s refusal to fund the government unless opposition Democrats agree to fund a wall on the border with Mexico, the shutdown is now the longest in US history. Hundreds of thousands of federal employees have been furloughed or are working without pay.
The research from RBC finds that the shutdown has had a detrimental effect, particularly regarding drug approvals from the US Food and Drug Administration.
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