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Firms Look to Prevent Swine Flu Pandemic, Turn a Profit
RUSSELL GOLDMAN
ABC News
Tuesday, April 28, 2009
Face-masks and hand-sanitizer are flying off the shelves and pharmaceutical stocks are skyrocketing on fears that a swine flu outbreak could go global.
Companies gearing up for swine flu, including Roche, Gilead Sciences and GlaxoSmithKline, the manufacturers of the leading antiviral flu medications, are best positioned to see a boost in profits if the disease escalates to epidemic proportions, analysts said.
(ARTICLE CONTINUES BELOW)
Tamiflu, which comes in pills, was developed by Gilead and manufactured by Roche. Gilead continues to collect royalties from Roche’s sales of the drug. Both companies’ share prices spiked soon after the U.S. government allowed for its stockpiles of the drug to be made publicly available.
Gilead stock surged to $47.53 at the end of the day Monday, up 3.78 percent. Roche rose to $31.72, up 4.34 percent.
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April 28th, 2009 at 4:51 pm
Is this really happening? I can’t keep up with this stuff.
April 28th, 2009 at 9:17 pm
Talk investing in terrorism.
Start a panic.
Then invest in the stock of the rescuers.
Presto fat wallet.
April 28th, 2009 at 10:07 pm
Yes, the people are beginning to get into panic mode and lots of corporation would profit from this situation.
April 29th, 2009 at 2:31 am
Chi-ching!
April 29th, 2009 at 3:57 pm
Like the line out of the old folk song said: “…and Oh, my Lord, how the money rolled in…”
April 29th, 2009 at 5:53 pm
Is Rumsfeld still a huge stockholder in Gilead?I know he was on the board of directors during the bird flu scare and made out like the bandit that he is.Then left to join George W. when George became president.I have been told,but can’t seem to comfirm that he still holds millions in Gilead stock,who just happens to be the maker of Tamiflu.What a coincedence.
April 30th, 2009 at 4:13 am
Everything with these globalists is a cost benefit analysis. Everyone who helps facilitate this evil gets to make money hand over fist, its just disgusting.
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