Company News 

UK pharma in need of a tonic

UK pharma in need of a tonic

It’s tough to be a British investor with a penchant for big pharma. Since Hikma (HIK) took a dive in 2016, there are just three drugs companies left in the FTSE 100 and none of them is giving much cause for celebration. GlaxoSmithKline (GSK) and Shire(SHP) have both underperformed the benchmark in the last 12 months, while AstraZeneca(AZN) has morphed into a high-risk biotech stock, with a worrying reliance on positive clinical trial data. No longer a comfortable haven, bolstered by revenue visibility, whopping margins and generous dividends, big pharma in the UK has become a risky sector which is testing investor patience.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now