NEW YORK, NY--(Marketwire -03/01/12)- Major Pharmaceutical firms have performed admirably in the first couple months of the year. In Europe, firms are putting more emphasis on cutting costs and increasing exposure to emerging markets. Meanwhile U.S. manufacturers are benefiting from an improving domestic economy. The iShares Dow Jones U.S. Pharmaceuticals Index Fund is up roughly 3.4 percent over the last month -- outperforming the Dow Jones Industrial Average. The Paragon Report examines the outlook for companies in the Drug Manufacturers - Major Industry and provides equity research on Pfizer, Inc. (NYSE: PFE - News) and AstraZeneca Plc (NYSE: AZN.L - News) (LSE: AZN.L - News). Access to the full company reports can be found at:
The Eurozone debt crisis is taking a toll on Big Pharma's European profits. A recent review in The New York Times says that the profits, and hence the share price, of 'Big Pharma' is set to remain stagnant in Europe until at least 2014. Budget cuts mean that many European governments are not willing to pay as much for pills, Stephanie Novak of the New York Times reports.
European pharmaceutical companies have been successful in emerging markets in the last five years, helping to offset troubles at home, Novak reports. Meanwhile, American companies do not rely as much on overseas revenue because of their large domestic market.
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Pfizer Inc., a biopharmaceutical company, offers prescription medicines for humans and animals worldwide. Last month Pfizer announced the acquisition of privately-held Alacer Corp., the maker and distributor of Emergen-C products, the largest selling branded Vitamin C line in the United States. Alacer Corp produces almost 500 million packets of the popular Emergen-C supplement annually, and its products are sold in health food stores, supermarkets, drug stores, mass merchandisers and club stores nationwide.
UK-based AstraZeneca PLC discovers, develops, and commercializes prescription medicines for cardiovascular, gastrointestinal, infection, neuroscience, oncology, and respiratory and inflammation diseases worldwide. The company recently reported that Caprelsa has been approved in the EU for the treatment of aggressive and symptomatic medullary thyroid cancer in patients with unresectable locally advanced or metastatic disease.
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