FTSE falls amid drug stock fears

Bad news for drugs stocks on both sides of the Atlantic injected negative sentiment into the London market today.

FTSE falls amid drug stock fears
Fri, 17 Dec, 2004 - 17:33

Bad news for drugs stocks on both sides of the Atlantic injected negative sentiment into the London market today.

AstraZeneca lost nearly £3bn (€4.3bn) of its value after announcing a key product in its pipeline had failed to boost survival chances for some patients.

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CourtsBusinessHeathrowPlace: AtlanticPlace: LondonPlace: New YorkPlace: north west IndiaOrganisation: FTSEOrganisation: AstraZenecaOrganisation: PfizerOrganisation: IressaOrganisation: GlaxosmithklineOrganisation: Cairn EnergyOrganisation: Enterprise InnsOrganisation: Smiths GroupOrganisation: WolseleyOrganisation: Schroders NVOrganisation: Smith & Nephew
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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