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Big Pharma On Steady Footing Heading Into Second Half

 
• By Jessica Merrill

Large cap pharmaceutical manufacturers reassured investors that revenues are poised to grow in 2024. Now they need to deliver.

Several big pharma raised financial guidance at midyear • Source: Shutterstock

Large cap pharmaceutical manufacturers appear well-positioned to meet investor expectations for 2024 financial results as they move into the second half of the year. Most of the top 15 pharmaceutical manufacturers met midyear financial expectations and all of them either confirmed 2024 financial guidance or increased guidance while reporting second quarter sales and earnings.

Key Takeaways
  • The top drug manufacturers appear well positioned to meet 2024 financial targets heading into the back half of the year.

One near-term overhang has also dissipated – the threat of steeper than expected drug price concessions coming out of the...

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