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To: Graham Osborn who wrote (58299)10/30/2016 10:55:55 AM
From: Graham Osborn  Respond to of 78750
 
Apparently the critical noiseflow was MCK's reduced guidance on branded price inflation:

wsj.com

So the story goes, AMGN got hit because they are weighted towards branded.

I wrote a short article on ABC last year which goes into some of the dynamics of the pharma distribution market:

seekingalpha.com

I point this out merely because such understanding impacts various investments in the sector.