Pharmaceutical Industry Viewed a Kerry Presidency As Hard Pill to Swallow

Summary


President Bush's reelection sparked a rally among pharmaceutical stocks Wednesday that outpaced the broader market.

Investors freed themselves of fears of price controls and other measures viewed as anti-industry that loomed with an administration run by Democrat John Kerry.

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Pharmaceutical Industry Viewed a Kerry Presidency As Hard Pill to Swallow

Voters' decision to opt for the status quo provided a bright spot for the industry, but some analysts said the boost may be just a blip.

The high cost of drugs probably ...

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