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In A Volatile Time, Pharma Reassures Business Remains Steady

 
• By Jessica Merrill

Amid a stock market freefall spurred largely by coronavirus uncertainty, big pharma sought to reassure investors and the public that supply disruptions are not an immediate concern and they are monitoring business operations day-by-day.

Businessman is riding on a roller coaster. Vector financial and economic crisis graph concept.
Stocks fell on a volatile day on Wall Street • Source: Shutterstock

Uncertainty around the coronavirus outbreak and an oil price war fueled a stock market sell off on 9 March that temporarily halted trading – and pharmaceutical stocks felt the blowback as much other industries. Drug ingredient supply disruptions, workforce health, manufacturing operations and global clinical trials are key concerns for the industry as COVID-19 spreads in Asia, Europe and the US.

The S&P 500 opened the day down 3.6%, the Dow Jones Industrial Average opened 3.3% lower, the Nasdaq composite index...

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