European shares retreat from 11-month highs, Actelion slumps

European shares retreat from 11-month highs, Actelion slumps


Dec 14 European shares pulled back from 11-month high on Wednesday, with Switzerland's Actelion slumping after U.S. healthcare company Johnson & Johnson ended discussions regarding a potential deal with Europe's largest biotech firm. The pan-European STOXX 600 index was down 0.4 percent in early trading with healthcare and consumer staples sectors the biggest drags on the benchmark.



from Biotech News