Pharmaceutical industry celebrates in markets the victory of Republican Donald Trump. But above all, investors commend the wipe out of Hillary Clinton's Democrat, the candidate who promised to reduce the high costs of drugs in the country..
In the short term, companies complete not foresee major decisions upon the Republican agenda that may perform the sector..
The best example of what Clinton believed abused laboratories was the lawsuit of Mylan considering his drug EpiPen adjacent to anaphylactic shocks.
This product multiplied by six its price in five years, to accomplish 600 dollars, which entailed a diplomatic salutation in recent weeks to run a extremely deregulated pharmaceutical market.
De Trump, however, is not normal to acknowledge such measures. That has prompted companies to recover from a drop that began last year, when Clinton has already threatened to direct the prices of costly advocate treatments. The Democrat wanted mechanisms to oversee transparency in pricing decisions.
"Health care companies would have been worse off later than Clinton, who warned, greater than the last few months, of the price of medicines," says Victoria Torres, analyst at Selfbank. "Our Grifols could be one of the beneficiaries in this case, later than that it obtains in the US more than 60% of its income," he adds.
Citi moreover sees a short-term improvement in the recovery of the pharmaceutical sector in the stock market, "due to the perception of a more ascetic Republican stance towards legislative proceedings on drug prices."
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"Trump's victory should be positive for the healthcare sector. Pharmaceuticals have been under muggy pressure because of the threat that a clear Democratic victory would create it feasible to pass laws that would permit the organization to interfere and fix drug prices, and now, after this risk has disappeared, they should recover.
" Says Matt Siddle, equity fund commissioner for Fidelity. "The values of this sector have yielded considerable pitch and I am still usefully betting on them adjoining degrade atmosphere businesses in areas similar to thesame characteristics to the bonds, such as public facilities and telecommunications," he adds.
Investors had in the past discounted on 30% of the stock prices of laboratories, especially biotechnology. In the last two days, the Bloomberg World Pharmaceutical Index - index that reflects the encroachment of the largest companies in the sector - has revalued 5% and in the Bloomberg World Biotechnological Index the recovery has been even greater, of 8.5%.
With Pictet, taking into account funds specializing in health and biotechnology, accustom that the puff has furthermore usual appreciatively the rejection of Proposition 61 in California, where voters have voted adjacent to the proposal that the price of the drugs was demean than that of the thesame Drug at the federal level.
In addition, the so-called Affordable Care battle - an affordable health care within acceptable limits - is probably not a priority right now. "Companies in the health sector can live a long rally," says Luca Paolini, chief strategist at Pictet AM.
The victory of Donald Trump with has a speak to membership in the Spanish listed companies of the biopharmaceutical sector, back every have recovered positions in deposit dispute in the last two sessions.
The motives are the similar as in the act of global companies: the threat of cutbacks in drug prices proposed by Democrat Hillary Clinton is upsetting away.