European shares fall as pharma stocks come under fire; Richemont rallies

European shares fall as pharma stocks come under fire; Richemont rallies


Adds details, updates prices) MILAN, Nov 4 European shares fell on Friday, weighed down by weaker drugmakers after two U.S. lawmakers called on federal antitrust regulators to open a probe for possible price fixing. The U.S. lawmakers on Thursday called for a probe into whether Sanofi, Eli Lilly, Merck and Novo Nordisk colluded to set prices for insulin and other diabetes drugs.



from Biotech News