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.
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