wolfhounds (29.20)

Big Pharma - again

January 16, 2008 – Comments (1) | RELATED TICKERS: MRK , PFE , WYE.DL

On 12/29/07 I posted a blog questioning whether any big drug stocks were considered a good investment. I didn't get much response. Surely, all the experts advising us to put money into some drug companies in this environment should have been questioned by fellow Fools. Today's report that a major study of anti-depressants of at least 3 companies have little effect should raise the bar to investing in these companies. After all, some of them, like PFE, are recommendations by TMF.

I view not only the drug companies as bad investments but also the outsourcing companies. So far only VTIV has seen it's stock hurt, but that's an individual story - maybe. If drug companies resort more to buying smaller biotech's with drugs near approval, will that not have a long term negative affect on spending for the outsourcing companies.