Agree. Its clear that the bottom is still not in. Look at what we up today on the overall market and then how biotech didn't participate at all. It hasn't found a bottom yet.
no not forever. however, been a major disappointment and the street taking a wait and see approach. pipeline is everything going forward. business is growing, but more slowly. lots of new competition for,their drugs. a major under performer right now. don't expect any quick turnaround.
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Sorry i was wrong big time the event was the 11th last month !
We possibly might hear some positive news that will give us a lift for tomorrow you can always hope.
It is all hot air!!! these congressional hearings are a joke and hillary just talks lik3 this to get elected!!! the next 8 years will be ugly!
The rest will be far far more than a few years depending on elections, The issue is drug pricing,
Twenty years later research has enabled the AIDS infected to live, the melanoma cancer drug has enabled one ex president to live (without recurrence) this cancer had already spread to brain....20, 10, 5, 2 years ago he would be dead as everyone else with this metas, disease.
discoveries are made through private research NOT GOVERNMENT and these companies charge thousands for their drugs, which prices bernie and the rest would slash and control, since bernie and the rest do not enable, nor are employed in the field of future drug discovery, prices of todays biotech reflect bad news.
valuations are much different now than in the 1990's or 2000's for the big biotech. I can get AMGN, BIIB, GILD for much cheaper valuation than the big pharma companies. They are all cheaper than JNJ, BMY, PFE ect.....
I disagree. think people will be kicking themselves for not taking advantage of these depressed price levels.
Its all political bs. Those who sold and are selling now will wonder why they did soon.
Same thing happened in the 1990's. Biotech's stock prices went very,very high. Then, they couldn't be sold fast enough. It took many years to get them started again. As usual, history repeats itself in the stock market. Anyone who's been around this long enough already knows this.
true....they are killing medical innovation... ,most of the companies especially small biotech will run our of equity/capital to fund..which will impact research.. wait until they get uncurable cancer!!!....bloody dem·a·gogue