Pharma Stocks Crash Most Since Brexit After Trump Warns Drug Companies “Getting Away With Murder”
by Tyler Durden
Jan 11, 2017
After six straight days higher and the best start to a year ever, Biotech/Pharma stocks were just crashed lower on the heels of comments from president-elect Trump promising more competitive drug pricing.
Trump says Pharma Industry is “getting away with murder”
Trump says “we need new bidding procedures” for drug industry;
The biggest plunge in Pharma/Biotech stocks since Brexit in June 2016.