Do Clinical Trial Delays Mean Trouble for Pharmaceutical Stocks?
Pharmaceutical stocks have been somewhat of a safe haven for investors as the coronavirus outbreak spread from China to the rest of the world. But as the pandemic deepened, now resulting in more than 782,000 cases worldwide, even these "safer" companies are beginning to feel the effects. The U.S. is now the coronavirus epicenter, with the most cases -- more than 161,000 as of today.
Initial concerns for drugmakers had to do with the supply of active pharmaceutical ingredients, which often come from China. The worry was that pharmaceutical companies wouldn't be able to produce enough of their drugs for patients. Now, as hospitals grapple with the influx of coronavirus patients and as the U.S. Food and Drug Administration works to manage the flow of new equipment to healthcare facilities, the focus has shifted to clinical trials.
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Source Fool.com
