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Fly News Breaks for September 22, 2015
TEVA, AGN
Sep 22, 2015 | 08:23 EDT
Citi analyst Liav Abraham says the Pharma space is in the "hot seat" with drug pricing being taken on by politicians in the 2016 election cycle. While any material changes to law is unlikely in a Republican-controlled Congress, companies with less differentiated and/or more concentrated product portfolios are likely to come under increased political scrutiny going forward, Abraham tells investors in a research note. Amid this backdrop, the analyst continues to favor shares of Allergan (AGN) and Teva (TEVA).
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