The FTSE 100 gained 0.08% to 4133.8 at market close, following news that the US may make prescriptio...
The FTSE 100 gained 0.08% to 4133.8 at market close, following news that the US may make prescription medication cheaper. President George W Bush said in a speech today he wants to make it more difficult for companies to block generic medicines. He proposed rules requiring the brand-name drugmakers to give more detailed information when they file patents. However, the news had an adverse affect on UK pharmaceutical stocks. GlaxoSmithKline led the fall. GlaxoSmithKline declined 1.8% to 1,334p. AstraZeneca dropped 1% to 2,354p. Both earn more than half their revenue in north A...
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