Specialty Pharma Underperforms S&P 500 For First Time Since 2009

As the year winds down, good riddance might be a popular sentiment for specialty pharma, which underperformed against the S&P 500 for the first time since 2009 as Martin Shkreli, Epipen “gauging” and Valeant  “scandal” stories took their toll. But the theme for 2017 might not be a whole lot better. Try uncertainty. Also see Livermore Partners Huge Gain On Valeant (VRX) Short Steamboat Capital Valeant Short Offset Even though Morgan Stanley is calling execution key to the industry’s prospects in the new year, it is categorical in calling pricing uncertainty “front & center” of investors’ minds. This is because…