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Friday, August 12, 2022
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    HomeHealthThe near-term outlook for pharma industry earnings just got a little worse

    The near-term outlook for pharma industry earnings just got a little worse

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    The near-term earnings outlook for the pharmaceutical business was revised downward by a significant credit score scores company, due to expiring patents on a number of best-selling medicines and slower gross sales of Covid-19 vaccines and therapies.

    Earnings are forecast to develop anyplace from 2% to 4% between now and the top of 2023, versus an earlier projection of 4% to six% made final December by Moody’s Investor Service. Even so, the underlying development displays ongoing demand, restricted publicity to macroeconomic issues, and a resilient provide chain. The outlook, by the way in which, displays earnings earlier than curiosity, taxes, amortization, and depreciation.

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