Epoch 26 - The Biotech Summer of Love?

Big Pharma Eyes M&A….But Deals Unlikely Until Fall

Hello Avatar!  Welcome to another week of biotech analysis.  The XBI bounce sputtered a bit this week as the macro backdrop continues to dominate price action. With summer upon us, trading is likely to become thin, opening up the opportunity for a much needed biotech relief rally.  From what we are seeing investors are beginning to show signs of life at…