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The pool of Big Pharmas competing to develop game-changing antibody-drug conjugates continues to grow, with the water now at a boil after two more sizable licensing pacts.
Source: https://seekingalpha.com/article/4567723-trim-big-pharma-merck-kgaa?source=feed_all_articles
Within the large Pharmaceutical sector, stock prices were generally buoyant, with the "Big 8" US Pharmas - by order of market cap Johnson & Johnson (), Bristol Myers Squibb (), and Gilead Sciences (NASDAQ:) - realizing average share price gains of >15%.
Would be a good article to compare some of the Pharmas that have fallen 20%, esp if they benefited in a big way from Covid.