Pharma Stocks Crash Most Since Brexit After Trump Warns Drug Companies "Getting Away With Murder"

Tyler Durden's picture

After six straight days higher and the best start to a year ever, Biotech/Pharma stocks were just crashed lower on the heels of comments from president-elect Trump promising more competitive drug pricing.

  • Trump says Pharma Industry is "getting away with murder" 
  • Trump says "we need new bidding procedures" for drug industry;

The biggest plunge in Pharma/Biotech stocks since Brexit in June 2016.

In 2 minutes, the entire 2017 rally has been wiped out.

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Ghost of PartysOver's picture

And the drug companies are getting away with murder.  At least this guy calls them the way he sees them.  That is an incredibly rare thing for a politician.

Pinto Currency's picture

Can't get away with murder unless gov creates monopoly for them.
Allow real competition.

Chupacabra-322's picture

Perhaps this is the first Crony Capitalism Domino falling. The end of Corporate Fascism.

caconhma's picture

Trying to look popular, this clown makes more powerful enemies than his pervert mind could imagine.

I will not be surprised that Trump's presidency will be shortest in American history.

larz's picture

Verdict still out but the enemies being made so far are in the interest of the people  e.g. pharma stuffing overpriced pills down our throats in the name of "healthcare"  

wren's picture

Burn them down!

Big pharma makes clients, not cures.

no ice's picture

That's right.  They make cradle to grave customers from vaccinating babies to creating insulin dependents across all age groups to telling the middle-aged on up that they need to be on brain-killing, muscle-deteriorating statins, on and on..... About time someone with a far-reaching voice calls these pharmaceutical companies out for the trash that they are. 

caconhma's picture

I hope that Pharma & biotech haters and their family members will get cancers and other terrible diseases and than become euphoric getting your medicine from India, China, and Russia.

no ice's picture

Go to Hell you ass.  Mainstream medicine and their "pills for every ill" kill over 200,00 people each year.  Number one cause of death in US is mainstream medicine.  Ever watch a loved one die from chemo and radiation?   It's a disturbing sight you'll never forget.  Big pharma cures nothing, not a thing.  It's a farce.  They create powerless dependents. That's it.  Clean foods, proper nutrition (no GMOs, no pesticide), honest living and a solid mind is what keeps you healthy.  Don't you even know the story behing big pharma and how the Rockefellers et al started it to bleed money from sick people?  Allopathic medicine will set your broken bones, and it's good for traumas like that, but your own body still needs to cure and fix that bone.  Big pharma, however, is a scam.

wren's picture

caconhma, I'm not sure if I am more distressed by your grammar, your hate, or the fact that you are saying we should get our medicines from overseas. If you work for big pharma, they need to fire you simply for being stupid. If you are a foreigner, you should try to fix your own politics rather than discussing ours. If you are a liberal, it's better to cut your wrists now and get it over with.

jakethundercloud's picture

hey caconhma - you wishing people and their families horrible diseases exemplifies how you comprise the scum in this world. Interesting you have the word CON in your profile name, you pharma CONman

larz's picture

Typical tolerant statement from a progressive

caconhma's picture

JFK also was trying to be a friend of the USSR. He never made it into the second term. Trump will be no different.

 

Heavy's picture

obama should legalize it while the dips in

BandGap's picture

Tillerson is talking "bad" Russia and agreeing with climate change.

Cruel Aid's picture

he has to or the noise would be deafening. yes he's prob lying but it is washington, what can you do?

Soul Glow's picture

Took all equity markets with it.

The Count's picture

The pharmaceutical industry is second only in evil to banking. Ruthless is an understatement.
You will only understand if you have ever crossed them.

amor terra's picture

Or if you stood helplessly by while they killed a couple of your loved ones--assisted by doctors, of course.

duo's picture

Putting a new coating on a pill or putting a 50 year-old drug in a new inhaler and raising the price 100x is not business, it's theft and extortion.

There can be now way to replace Obamacare without doing something about parma extortion.

techpriest's picture

I'd start with eliminating the patent office, and promoting open source. It's one of the major contributors to computer innovation, and in art I've noticed that popular clips from the open source Newgrounds Audio Portal frequently show up on Youtube, in video ads, etc. Thingiverse is also making 3D printing much easier for people who don't have great 3D design skills.

headfake's picture

Go On Donald...Brilliant!

FreeEarCandy's picture

Sez a lot when stating the obvious is accounted as brilliant. When one is surrounded by morons how is it not possible to gain the upperhand over them? At the most, Trump will be prez for 8 years. Afterwhich, what will all the morons do?

SheepDog-One's picture

I know a 'pharma' guy from college he's the most crooked slimeball ive ever met.

Expat's picture

Good luck getting rid of ObamaCare when this "socialist" program was designed to guaranty massive profits and market protection to the pharmaceutical companies and the HMO's. 

swampmanlives's picture

Yea let's impede capitalism. I didn't realize we were all socialists here.

Justin Case's picture

Capitalism is a society where billionaire capitalists own vast companies, banks, shares, and much of the land as well. Elected governments are bent to the will of the big corporations which the capitalists own. To achieve genuine socialism, this ownership of the world's wealth by the 1% must be ended. Capitalism means that a great deal of our society's resources, needed to produce the things we need, are privately owned.

Capitalism is based on the private ownership of the productive forces (factories, offices, science and technique)

The bosses of the big corporate enterprises always threaten that if wages and conditions are not worsened, they will take their business to another country where wages are lower.

bankbob's picture

Drug companies are government supported monopolies.  As such they need price regulation like the Power Company.

They brought it on themselves - by spending twice as much on advertising as on product development.

Rich Stoehner's picture

My broker won't answer his phone. Voice inbox full.

power_shift's picture

The pharma industry is getting away with murder in more ways than one.

"Would anyone care for a pill or shot of poison? It's healthy you know."

Justin Case's picture

They have been getting away with murder. Doctors only report 10% of the adverse effects on patients. Gardasil is known to have killed children. It is for HPV types 16 and 18 which cause an estimated 70% of cervical cancers.

Schools in merica passed regulations that if yoar child isn't imunized with Gardasil, they will be band from the school. That is ludacris! It's not a communicable disease. Then they implemented that boys will require the Gardasil immunation as well. Utter stupidity! This is to support the pharmaceuticals multi-billion dollar racket.

In the UK there has been a 1200% rise in autisum. That has occured as the MMR vaccine was being made manditory. Coincidence? You have no right as a parent to refuse this shot. If you persist the child may be taken away from you as you would be deemed unfit parents failing to take proper care of yoar child.

Now the focus is all on vaccines rather than solid doseage medicines. Vaccines are next to immpossible to trace back as being the cause of a heath problem or cancer or death. Less lawsuites being filed. FDA is also not all that in protecting the public.

There is plenty information on the internet and I suggest to read about it and decide for yoar self what is best for you and yoar family. I've made mine.

Expat's picture

Okay, where shall we begin...oh, there is so much work to be done here.

HPV is the most common STD.  STD means sexually transmissable disease (like the tertiary syphillis which has obviously incapacitated your frontal cortex).  So, it is communicable.

The rise in autism in the UK is total bullshit.  Much of the rise is linked to diagnosis, not MMR.  If you are going to get medical advice from a Playboy bunny, you're gonna end up looking like an idiot.

There is plenty of information on the internet, alright, but most of it is rubbish.  You need to find better sources.  Try reading stuff by real doctors for a change.

Justin Case's picture

Most HPV infections don’t cause any symptoms, and go away on their own. But HPV can cause cervical cancer in women. Cervical cancer is the 2nd leading cause of cancer deaths among women around the world. In the United States, about 12,000 women get cervical cancer every year. HPV is also associated with several less common cancers, such as vaginal and vulvar cancers in women.

Dr. Andrew Wakefield <----L@@K a Doctor even.

At the center of the fifteen-year controversy is Dr. Andrew Wakefield of Austin, Texas. It was Dr. Wakefield that first publicized the link between stomach disorders and autism, and taking the findings one step further, the link between stomach disorders, autism and the Measles Mumps Rubella (MMR) vaccine.

For that discovery way back in 1996, and a subsequent research paper published by the doctor in 1998, Andrew Wakefield has found himself the victim of a world-wide smear campaign by drug corporations, governments and media companies. And while Dr. Wakefield has been persecuted and prosecuted to the extent of being unable to legally practice medicine because of his discovery, he has instead become a best-selling author, the founder of the Strategic Autism Initiative, and the Director of the Autism Media Channel.

Justin Case's picture

Infection with HPV is very common among sexually active women. However, in most women such infections are transient, since the HPV-infected cells are shed from the cervix. In a minority of women, though, the HPV persists, and if the persistent HPV is type 16 or 18, there is a marked increase in the risk of developing cervical cancer.
In fact, nearly all sexually active men and women get HPV at some point in their lives, the CDC notes.

It's not uncommon to be infected with more than one type of HPV at a time.In 2008, an estimated 39.9 million women and 39.2 million men had a prevalent genital HPV infection in the United States, the report notes.

It goes on to state that each year, there are about 14 million new cases of genital HPV among men and women ages 15 to 59. Also, the vaccine does not prevent other sexually transmitted infections (STIs).  

The HPV vaccine only protects against some strains of HPV. It does not protect against other sexually transmitted diseases (STDs), such as gonorrhea, herpes, or chlamydia. There is no vaccine effective for prevention of syphilis.

 

Duh

Offthebeach's picture

Who's gona pay fer my restless leg pills, my dry eyes pills, my stay awake pills, my can't sleep pills, my open fissures on my ass/rubbing thighs oikment, my blood pressure, thinner,and co-lesrestaural pills!

Lordy!

Im so skered , I might overcharge the King Ranch mobility scooter and run amok at Wal-Mart!

bankbob's picture

If you quit taking the prescriptions - all those side effects will go away.

me or you's picture

They are worst than drug cartels. 

jakethundercloud's picture

Because they are a drug cartel of their own; in fact the largest and one that is responsible for the most deaths in our country

amor terra's picture

They ARE drug cartels.  The only difference is, instead of funding them by gun-running scams and the like, the government mandates that people take their products.

DrZipp's picture

1 price for drugs worldwide.  No exceptions.

fishwharf's picture

I sure hope Trump is able to do something about pharmaceutical pricing.  The cost of Viagra is killing me.

Grandad Grumps's picture

Yes, druge companies literally get away with murder as well as fraud and theft. It would all be fixed by removing all immunity from prosecution and lawsuits and making the Execs and board members personally responsible for the harm their companies cause. I am not in favor of helping the parasitic legal system and so insurance companies need to be reined in as well.

DingleBarryObummer's picture

Pharmacutelical Drugs are shit.  Take a vitamin, do physical labor, and eat your fucking broccoli.

swampmanlives's picture

Ya that will really get rid of the parasites and work wonders for kids who were born with diseases. I guess if you have HIV, eat more spinach and avoid the cocktail of drugs, that will undoubtedly help you live longer!

The Count's picture

So you think vitamins are OK? Thats one of the biggest scams the drug companies have going.