Healthcare: Why Marijuana Stock HEXO Is on the Hot Seat. And, What's Behind Mylan's Mega-Merger With Pfizer
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 31 July 2019
⏱️ 33 minutes
🧾️ Download transcript
Summary
Pot stock HEXO is under fire over its use of social media advertising and if that isn't bad enough, its home province, Quebec, has proposed restrictions on marijuana edibles that could disrupt its growth plans. Is it game over for HEXO? Also, here's why biopharma giant Pfizer is merging its off-patent drug portfolio with generic drug heavy weight Mylan.
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| 0:00.0 | Industry Focus Thanks our sponsor, |
| 0:02.0 | Data Sight One from Merrill Corporation, |
| 0:05.0 | the market leading due diligence app |
| 0:07.0 | for the entire M&A life cycle, helping companies worldwide close more deals faster. To learn more and sign up for a free demo go to |
| 0:15.6 | MerrillCorps.com slash full. Welcome to Industry Focus the show that dives into a different sector of the stock market every single day. |
| 0:27.0 | Today is Wednesday, July 31st, and we're talking health care. |
| 0:31.0 | I'm your host Shannon Jones, and I am joined via Skype by |
| 0:34.6 | health care guru Todd Campbell. Todd how's it going? It's going really well. How about |
| 0:39.7 | you Shannon? How is your trip? Did you get to see any sharks? |
| 0:43.0 | No sharks. Lots of surfers though got to go out to California, Huntington Beach. |
| 0:48.0 | And thank you for whoever was on Twitter. I think her name was Lisa, |
| 0:52.0 | who'd reached out with some recommendations. |
| 0:54.0 | Highly, highly recommend Huntington Beach, California. My first time out there got a lot of sun, saw |
| 0:59.8 | a lot of surfers. There was the thing, the Vans, U.S. Open surfing competition happening across the street from a hotel, |
| 1:06.0 | so that was really cool, but tired but glad to be back here, |
| 1:10.0 | because of course, as soon as I leave leave we get merger news that happens and |
| 1:16.4 | more stuff happening in the marijuana industry so glad to be back Todd. |
| 1:20.8 | Let's just dive right in because for today's show it is about merger Monday |
| 1:25.8 | which held true this week news coming out of the pharma industry for pharmaceutical |
| 1:31.5 | giant Pfizer and generic manufacturer at Milan and then we'll also dive into the marijuana industry with more company headlines of the not so positive sort and some news in the |
| 1:44.4 | edible space as well. But Todd let's kick things off with Pfizer. So that is |
| 1:50.0 | ticker symbol PFE. It announced on Monday that it's joining forces in an all-stock deal with |
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