Disastrous.
That’s the best description for the performance of a handful of biotech stocks in 2015. Four biotech stocks with market caps over $250 million managed to lose more than 65% of their market cap during the year. Here’s a rundown of which ones they were -- and how they failed so miserably.
1. OvaScience
During the first few months of the year, OvaScience’s (NASDAQ:OVAS) stock held its own. The first round of bad news for the biotech, though, came on March 26, when the company announced results from studies of its Augment fertility treatment for women. Shares plunged around 40% over the following weeks.
