Drugmakers extend declines after Trump picks RFK Jr to lead top US health agency
Updates
** Shares of vaccine makers extend declines after President-elect Donald Trump selected Robert F. Kennedy Jr to lead the Department of Health and Human Services, the United States' top health agency
** U.S.-listed shares of BioNTech 22UAy.DE, BNTX.O down ~5% to $98.41, Moderna MRNA.O falls 5.20% to $37.50, Novavax NVAX.O down ~3% at $7, while Pfizer PFE.N down 4.05% at $24.97
** Kennedy has frequently talked about tackling what he calls the "chronic disease epidemic" and is known to have spread misinformation on vaccines
** Shares in healthcare companies also drop in Europe
** Shares of U.S. drugmakers Eli Lilly LLY.N down 2.7%, Merck MRK.N down 3.34%, Amgen AMGN.O down 3.6%, Bristol Myers BMY.N down 1.7%
** It is difficult to evaluate the exact impact this appointment could have on the industry until there is more information on specific policy proposals and priorities of the incoming administration on healthcare and the drug industry - Brokerage J.P.Morgan
** The broader SPDR S&P Biotech ETF XBI.P down 3% in early U.S. trading
Reporting by Sriparna Roy in Bengaluru
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