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Stock Watch: Reading The Tea Leaves For Pharma Q1 Earnings

Diagnostics Companies’ Pre-Announcements Presage Pressures On Drug Revenues

 
• By Andy Smith

Contrasting first-quarter preannouncements from a DNA sequencing company and a molecular diagnostics company may, with other seasonal pressures, imply a comparatively weak first quarter for therapeutic drug companies.

Andy Smith
ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS

About two weeks before the onset of the first-quarter 2021 earnings season for life science companies, there were two preannouncements in 24 hours. While neither company was a therapeutic drug company, the reasons for their different announcements were related and may have implications for pharmaceutical and biotechnology companies’ imminent earnings season.

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