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US Pharmas Display Defensive Mettle But Headwinds Mount

 
• By Jessica Merrill

US big pharma manufacturers generally delivered sales and earnings growth in the second quarter and reaffirmed guidance despite currency headwinds; US drug pricing legislation could present a tipping pressure point.  

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US drug manufacturers generally displayed strength as solid defensive picks for investors in uncertain times in the second quarter, delivering modest sales and earnings growth, with few exceptions, despite a wide array of macro-economic pressures and a strong US dollar that knocked growth from the top line.

Big pharmas tend to be resilient business operations in challenging macro climates and 2022 has delivered plenty of twists and...

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