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U.S. Healthcare Industry Faces Crosscurrents from COVID-19, MUFG’s Global Healthcare Banking Team Says
Pandemic’s effect expected to vary by sub-sector
New York, NY (May 13, 2020) – The outbreak of COVID-19 is both benefiting and challenging the U.S. healthcare industry in ways that will continue to evolve in the coming quarters, according to the Global Healthcare team at Mitsubishi UFJ Financial Group (MUFG).
The team issued its perspective on the heels of a wave of first-quarter earnings reports published by major U.S. pharmaceutical companies.
The industry’s position as a defensive sector
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