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Thursday, February 11, 2010
The last year obviously took a great financial toll on all industry sectors, and the biosciences were certainly no exception.
However, with the continued volatility in the broader markets, investors generally remain bullish about biotechnology. They point to the fact that 70 percent of biotech stocks were up in 2009, there was less cash burn, greater survival of companies, and additional new capital in the sector with higher market valuations. Many expect biotech to outperform health care in 2010 and, moreover, expect the sector to again outperform the rest of the market.Read Full Article
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