December 24, 2009 at 18:12 PM EST
Large-Cap Biotechs Face Familiar Problem
It looks as if Big Pharma and Big Biotech shares have begun a period of role reversal. Most of the largest drugmakers have seen shares appreciate over the year. That includes notorious laggard Pfizer (PFE), which is up around 5% for 2009. Other Big Pharmas notching solid 2009 stock gains include Roche (RHHBY) (up 12%), Novartis (NVS) (10%), Merck (MRK) (22%), GlaxoSmithKline (GSK) (13%), Bristol-Myers-Squibb (BMY) (11%) and Sanofi-Aventis (SNY)
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