Substantial changes forecast for pharma sector, but valuations attractive; Zacks
The pharmaceutical industry is entering a period of substantial change in 2009. Most of the names in the sector are facing significant patent challenges in the years to come and USA-based firms will encounter foreign exchange headwinds, as well. Revenue growth is non-existent and earnings advances are being driven primarily by mergers, cost-cutting and share buybacks, according to analysts at Zacks Investment Research.
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