BioCentury
ARTICLE | Financial News

U.K. pharmas shrug off Brexit vote delay

December 11, 2018 12:36 AM UTC

Shares of U.K. pharma stocks rose Monday despite a delay in the Brexit vote as the pound sunk to a 20-month low against the dollar. Prime Minister Theresa May said she pushed the vote back because she believes the current Brexit deal would not pass due to disagreements over a trade backstop on the Irish border.

In a statement Monday, the Association of the British Pharmaceutical Industry (ABPI) reiterated that a no deal situation would present very serious challenges and that the group is working with the government to develop plans for distributing medicines if a deal is not reached...