Medical innovation brings health back to biotech sector

ON SPECIALIST MARKETS

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IBT's David Pinniger discusses the recent developments that have boosted the global biotechnology sector.

What a difference a month (or two) makes. Back in early March, I highlighted the attractiveness of the global biotechnology sector that has been out of favour with investors throughout the equity market recovery over the past two years. However, in just two months, the biotechnology sector as tracked by the NASDAQ Biotech Index (NBI) has surged, outperforming the S&P 500 by 10%. The cause – positive news on major new biotechnology drugs in development and another step-up in high value M&A activity. Over the past few months, investors have witnessed fundamental developments that highli...

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