Gaining exposure to biotech in times of uncertainty

Omicron variant saw wild price jumps

clock • 4 min read
The Omicron variant may prove to be the catalyst for recovery in biotech.
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The Omicron variant may prove to be the catalyst for recovery in biotech.

The end of November saw the largest one-day fall in stock prices globally since June 2020, as investors reacted to the potential economic impact of a possible fourth wave of Covid-19, manifest in the new and ominously named Omicron variant of the Sars-Cov-2 virus.

But the panic selling was not entirely across the board: on the same day, the US biotech firm Moderna, one of three main suppliers of a Covid vaccine, saw its share price jump by 25%, adding a tidy $35bn...

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