Setbacks put drug firms under pressure

The pharmaceuticals sector was under pressure today after high-profile setbacks for AstraZeneca and GlaxoSmithKline spooked investors.

Setbacks put drug firms under pressure
Thu, 26 Oct, 2006 - 18:10

The pharmaceuticals sector was under pressure today after high-profile setbacks for AstraZeneca and GlaxoSmithKline spooked investors.

Shares in AstraZeneca plunged more than 8% after it ditched experimental stroke drug NXY-059 following its failure during clinical trials.

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CourtsBusinessStocksPlace: United StatesPlace: USPlace: EuropePerson: Keith BowmanPerson: Navid MalikPerson: Martin SlaneyOrganisation: AstraZenecaOrganisation: GlaxosmithklineOrganisation: GlaxoOrganisation: Hargreaves LansdownOrganisation: ExantaOrganisation: GFT Global MarketsOrganisation: Redona
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