The reason life sciences is coined as a flight to safety in...

The reason life sciences is coined as a flight to safety in times of market turmoil is largely based on those that have product/s in market, while many companies may have shrinking revenues as demand abates people don't compromise or demand shrink - when it comes to health & treatment for threatening illnesses - it's not a choice so revenues remain constant for these companies especially those with products covered under PBS. Sure people might turn there intention to pumping small stocks with "potential" but the actual benefits is based on revenues remaining unchanged so largely in respect of established companies that have drugs in market - large pharmaceutical companies will remain the same & with dividends while the rest of the market faulters.