New drugs and stock market: how to predict pharma market reaction to clinical trial announcements. (arXiv:2208.07248v2 [q-fin.ST] UPDATED)

Pharmaceutical companies operate in a strictly regulated and highly risky
environment in which a single slip can lead to serious financial implications.
Accordingly, the announcements of clinical trial results tend to determine the
future course of events, hence being closely monitored by the public. In this
work, we provide statistical evidence for the result promulgation influence on
the public pharma market value. Whereas most works focus on retrospective
impact analysis, the present research aims to predict the numerical values of …

announcements arxiv clinical trial drugs pharma stock