Biotech Should Cash In Its Trump Bump Right Now
11/22/2016 7:15:34 AM
Biotech's Trump-inspired rally has been a major source of relief for the industry, in more than one way.With the Nasdaq Biotech Index (NBI) up nearly 10 percent since Election Day -- including the biggest one-day jump in biotech shares in nearly a decade -- companies can now tap equity markets for funding more successfully. That's a big relief for companies depending on share sales to fund years of losses as they develop drugs.
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