This Business News Story Was Uncovered By Us From: https://nopassiveincome.com/influence-coronavirus-vaccine-research-on-biotech-stocks/
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During the year 2020, the Biotech sector stood out compared to oil, real estate but even the tech sector. Due to the vaccine race, now the course of every sector depends on the events in the biotech sector. The pandemic will eventually come to an end, but the certain thing is the biotech stocks won’t ever be the same.
Biotech news related to the coronavirus has catapulted the whole stock market. Some of the most significant swings on the stock market revolved around coronavirus and biotech companies. Since May 18 when US biotech Moderna announced some positive data for coronavirus treatment, the biotech stocks continue to spike.
With the hope of profiting on the first cure for Covid-19, investments in young, innovative biotechnology companies have seen strong growth in recent months. But beware of the scrapping, the biotechnology market is one of the riskiest.
The race for the Covid-19 vaccine is fueling the price of biotechs
Biotech companies have experienced a real boom in the financial markets in recent months. The Covid-19 pandemic is prompting many investors to bet big on young companies likely to find a cure for the virus.
Thus, American biotechs have raised more than $ 9 billion on the stock market in recent months, against “only” $ 6.5 billion in the whole of 2018, according to data from Dealogic. From May 18, when Moderna announced positive results, Nasdaq spurred to a 2.4% gain and the S&P 500 to 3.2%.
This blind race for the drug or miracle vaccine risks leaving individual investors behind since biotech is one of the most volatile markets. Biotech companies often have only one or two product candidates for treatment in stock, and often none on the market.
They must therefore finance their research and devel… Read More
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