Published 11 days ago • loading... • Updated 10 days ago
Biotech remains compelling even after major comeback. Here’s what investors say
Biotech funds have climbed sharply as investors bet on merger activity, better trial results and a more supportive regulatory backdrop.
Summary by CNBC
5 Articles
5 Articles
Biotech Is Up 80% in 12 Months — and Investors Say the Rally Has More Room to Run
Biotech has staged one of the most dramatic comebacks in the market this year, and veteran fund managers say the rally is far from over. The State Street SPDR S&P Biotech ETF (XBI) has surged nearly 80% over the past 12 months, while the iShares Biotechnology ETF (IBB) is up more than 40%. For comparison, the S&P 500 is up about 19% over the same period. The sector is being driven by a powerful combination: a wave of expiring pharmaceutical pate…
Coverage Details
Total News Sources5
Leaning Left2Leaning Right0Center1Last Updated67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
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