Posted by Michael Wonder on 13 Nov 2019
Biden and Bloomberg are bigger threats to big pharma than Warren, analyst says
11 November 2019 - Warren’s proposals may fail to gain support, especially from Democrats in states with a large pharmaceutical industry presence, he says.
Moderate Democrats such as Joe Biden and Mike Bloomberg are bigger threats to the pharmaceutical industry than Sen. Elizabeth Warren, Bernstein analyst Ronny Gal told CNBC on Monday.
That’s because Warren’s proposals to lower drug prices may struggle to gain support, especially with Democratic representatives from states where the pharmaceutical industry employs many workers, said Gal, who covers the health-care industry, on “Power Lunch.”
