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Salix Pharmaceuticals, Ltd. Message Board

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  • cash_is_king_now cash_is_king_now Nov 22, 2007 4:57 PM Flag

    Happy T day

    For Thursday, Europe stocks went up because of defensive stocks. US drugmakers will also go up in coming days.

    Also flying high were drugmakers, with GlaxoSmithKline (GSK.L: Quote, Profile, Research) up 5.3 percent, AstraZeneca (AZN.L: Quote, Profile, Research) 6.6 percent higher and Shire (SHP.L: Quote, Profile, Research) up 3.1 percent.

    Pharmaceuticals, which like utilities are deemed defensive plays by many traders, accounted for more than 23 positive index points after Citigroup lifted its rating on the European healthcare sector to "neutral" from "underweight", saying a lot of the bad news was now priced in.

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