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Tag Archives: drug stocks

MAINE'S MEDICINE

Is this a good time to buy drug stocks? It’s a natural question for contrarians in the wake of the Supreme Court decision Monday. Pharmaceutical stocks nosedived after the court lifted an injunction preventing the state of Maine from going ahead with its prescription-drug plan. Maine wants to offer 20% discounts on medicine for citizens who don’t belong to an insurance program that includes drug coverage.

MAINE’S MEDICINE

Is this a good time to buy drug stocks? It’s a natural question for contrarians in the wake of the Supreme Court decision Monday. Pharmaceutical stocks nosedived after the court lifted an injunction preventing the state of Maine from going ahead with its prescription-drug plan. Maine wants to offer 20% discounts on medicine for citizens who don’t belong to an insurance program that includes drug coverage.