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 GlaxoSmithKline Plc (NYSE: GSK - News) (LSE: GSK - News) and Merck & Co. Inc. (NYSE: MRK - 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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UK-based GlaxoSmithKline plc, together with its subsidiaries, engages in the discovery, development, manufacture, and marketing of pharmaceutical products, over the counter (OTC) medicines, and health-related consumer products worldwide. GlaxoSmithKline last week announced it was recalling 394,230 bottles of the blood pressure drug DynaCirc CR.
Merck & Co., Inc. (Merck) is a global health care company. Merck delivers health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. It operates in four segments: Pharmaceutical, Animal Health, Consumer Care and Alliances.
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- GlaxoSmithKline Plc