RE:Broader market helping biotech stocks stage a turnaround.
Bloomberg - September 15, 2022 - " Where to invest $10,000 right now " -
" All roads lead to health care..."
While the broader market has grappled with rising interest rates and inflation, biotech stocks have continued to put out good clinical news — the lifeblood of the industry, says Brad Loncar, chief executive of Loncar Investments.
The bullish turn for biotech since June has come in lockstep with a downturn for Big Pharma stocks.