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Biotech Valuations Remain In a Slump

Biotech Valuations Remain In a Slump

Biotech stocks continue to slump and have taken a beating for over 12 months, but some promising data could lead to a rebound. The cheap valuations of the sector right now could be good entry points for investors, experts said. One catalyst coming up in the fall is the pending decision from the FDA for the clinical trial of an Alzheimer drug, Eisai's lecanemab that is being jointly developed with Biogen .