3 Best Drugmakers That Are Immune To Coronavirus Fright
Zacks Investment Research | Feb 20, 2020 09:16PM ET
The global pharmaceutical industry is in a tight spot because of the Coronarivus outbreak in China that is making its presence felt across drug manufacturing units and supply chains. After all, pharma giants heavily reliant on this Asian country for active pharmaceutical ingredients (APIs) and manufacturing are witnessing a slowdown that might get worse in the near future.
But there are drugmakers that are less dependent on China for production, which makes them compelling investment choices.
Let’s delve deeper.
The Pandemic Affects U.S. Drugmakers: Here’s How
Given the complex nature of pharmaceutical supply chains and manufacturing, it’s difficult to access the full impact of this new disease. However, it is clear that the ripples caused by COVID-19 are strongly felt by any drugmaker with major manufacturing and pharmaceutical ingredient-dependency on China.
For example, pharmaceutical giants focusing on new meds are “unlikely to encounter material global supply disruptions,” since these companies do not have a major manufacturing footprint in China, Original post
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