Big Pharma remains bullish in the face of Covid-19

Big Pharma remains bullish in the face of Covid-19

Source: 
EP Vantage
snippet: 

One of the biggest questions about Covid-19 is how it is affecting the work of pharma companies. Judging from the comments in the recent first-quarter results from some of the industry’s biggest companies, the answer is not very much.

Indeed, many big pharma companies have taken a surprisingly upbeat view of the pandemic during the first quarter, notwithstanding its decimation of other industries. So far Merck & Co is the sole company deviating from the script and cutting full-year guidance – hanging a $1.7bn price on the expected reductions to its pharma sales.