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Asset managers ask pharmaceutical companies to stop competing in the hunt for a corona vaccine

Important shareholders in the global pharmaceutical industry, including asset and pension managers, are asking pharmaceutical companies to work together to develop a coronavirus vaccine or treatment.

Photo: Illustration: Dado Ruvic/Reuters/Ritzau Scanpix

The world's largest investors and asset managers are encouraging pharmaceutical companies to work together to develop a corona vaccine to put a stop to the global economic crisis caused by the pandemic, the Financial Times reports.

Blackrock, Fidelity Investments and Fidelity International, Aviva Investors, Janus Henderson and Amundi have all said to the paper that they want pharmaceutical companies to put their rivalries to one side and work together.

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