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Smith & Nephew: patients are a virtue

Revenues plunged by 47 per cent in April in the absence of elective procedures
Smith & Nephew: patients are a virtue

Non-urgent surgery has taken a backseat during the coronavirus pandemic. Indeed, according to analysts at Morgan Stanley, elective procedures reduced by 50-90 per cent from late March into April. And the effects of that decline have been acute for Smith & Nephew (SN.), whose revenues plunged by almost a half last month.

IC TIP: Hold at 1622p

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