Epoch 25 - Biotech an 'Uninvestable' Sector
Strip out M&A and there are no gains
Hello Avatar! Welcome back for another week of biotech analysis. This week we are back with a short, but provocative update - Biotech is Uninvestable! Wow - imagine that. Well, with some data to backup the statement it does not appear too wild. When one looks at IPO returns over the past ~10yrs it is apparent the gains are not immediate. Investors n…
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