Thursday, October 11, 2007

Moody's rate Big Pharma as "negative"

Upcoming patent expirations, lagging pipelines and a tough regulatory climate prompted Moody's Investors Services to downgrade its credit ratings outlook for the pharmaceutical industry on Wednesday.

In a research report, Moody's senior vice president and credit analyst Michael Levesque cut his 12-month outlook to "Negative" from "Stable."

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