LONDON, June 20, 2013 /PRNewswire/ --
Major drug manufacturers in the U.S., as well as globally, face significant challenges as they adapt to changing market dynamics. Perhaps the biggest challenge for major pharma companies is the "patent cliff", which refers to expiration of patents on several blockbuster drugs. The patent cliff has led to increasing competition from generic drug companies. It has forced major drug manufacturers to boost their research & development efforts, and enter into licensing deals. On Wednesday, June 19, 2013, shares in major drug manufacturers ended mostly lower, tracking losses in the broader market which tumbled following the release of Federal Reserve's monetary policy statement. The major movers in the sector included Pfizer Inc. (NYSE: PFE), Merck & Co. Inc. (NYSE: MRK), Johnson & Johnson (NYSE: JNJ), AbbVie Inc. (NYSE: ABV), and Zogenix Inc. (NASDAQ: ZGNX). All these companies are tracked by AAAResearchReports.com. Download free technical analysis and charting reports on PFE, MRK, JNJ, ABBV, and ZGNX now at
Shares in Pfizer Inc. fell sharply on Wednesday, tracking losses in the broader market. The company's shares hit an intraday low of $28.90 before finishing the day 1.02% lower at $29.10. A total of 121.04 million shares were traded which is well above the daily average volume of 60.65 million. Pfizer's shares slipped below their 50-day moving average as a result of yesterday's pullback. Download free research on PFE today by registering at:
Merck & Co. Inc.'s stock ended slightly lower yesterday, closing at $47.58, down 0.36% from its previous closing price. The company's shares traded between $47.45 and $48.17 and a total of 18.00 million shares were traded which is below the daily average volume of 22.98 million. Merck & Co.'s shares have fallen by 0.77% so far this week. Besides, the stock is trading below its 50-day and 200-day moving averages.
Shares in Johnson & Johnson moved lower on Wednesday, reversing all of its gains for the week. The company's shares traded between $84.80 and $86.50 before closing the day at $84.86, down 1.74%. A total of 8.29 million shares were traded which is below the daily average volume of 9.64 million. Johnson & Johnson's shares are now down 0.06% for this week. The stock is trading below its 50-day moving average. Sign up and read the complimentary report on JNJ at:
AbbVie Inc.'s stock was one of the worst performers in the healthcare sector yesterday. The company's shares ended the day 1.15% lower at $43.04 after trading between $43.01 and $43.83. A total of 3.66 million shares were traded which is below the daily average volume of 5.01 million. AbbVie's shares are currently trading below their 50-day moving average. In the last three months, the stock has gained 12.20%, thus outperforming the S&P 500. The free report on ABBV can be downloaded by signing up now at:
Shares in Zogenix Inc. rallied on Wednesday, extending their gains from previous trading sessions. The company's shares hit an intraday high of $1.57 before ending the day 4.00% higher at $1.56. A total of 430,026 shares were traded which is below the daily average volume of 550,452. Zogenix's shares have risen by over 11.40% in the last three trading sessions. The stock is trading above its 50-day and 200-day moving averages. Free report on ZGNX can be accessed by registering at
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SOURCE AAA Research Reports
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