The investment management industry's concerns over pharmaceutical stocks have heightened in recent day, due almost exclusively to the $253 million a Brazario County, Texas, jury awarded the widow of the man who died after taking Vioxx, a prescription painkiller.
The stock value of
"It is going to impact the broader sector, especially in the near term," said Anne Marieke Ezendam, a portfolio manager at the U.K.-based money manager
Andrew Fellows, of the Swiss wealth manager and brokerage house
"I don't get the impression that investors are panicking. There is a feeling that Merck acted a little bit irrationally, in as much they did promote the product very aggressively and may have not been as open with the clinical data as perhaps they could have been," he said.
Drug makers
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