So now Sun Pharma reports surprise loss--and it is one of the lower cost, emerging market players. The news confirms that deflation taken hold in the US generic drug market. Deflation never ends in one-fell-swoop. It will grind on for sure. Too early to get in to MYX. Avoid for now. Come back in a year's time.
https://www.bloomberg.com/news/arti...ts-surprise-loss-after-148-million-settlement
Generic drug DEFLATION has taken hold
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Last
$4.71 |
Change
0.070(1.51%) |
Mkt cap ! $400.7M | |||
| Open | High | Low | Value | Volume |
| $4.67 | $4.75 | $4.62 | $953.1K | 203.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1236 | $4.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.72 | 620 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MYX (ASX) Chart |