During a recession, people really don't have less money. They just hide their money in other places such as gold and silver. So, in case they have an illness like cancer, they will spend that money to save their life. Therefore, the recession do not make a difference in the cancer drug business. People always put their own life before others.
This may be a light recession for the US but for Europe it will deep, hard and long. They have done worse damage than the United States. If a bank goes under which was the talk last week and IMF stepped in with cash but they can't and don't have the resources to save everyone.
There is more to the world than Aezs and Kerx.Read fellows don't be ignorant !!
Germany's manufacturing numbers are terrible. There was a bund (german bond) sale last week nobody bought! One of the worst in 40 years.