How to identify biotech diamonds in the rough

Discipline, experience and caution required

clock • 4 min read

There are currently 150 Nasdaq-listed biotechnology companies trading at an enterprise value of or below zero, where the value of the company is equal to or less than the amount of cash on its balance sheet. This is the greatest number of businesses in this situation in the sector for 15 years.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Partner Insight: Jeremy Smith's three-year anniversary builds on traceable lineage

Partner Insight: Jeremy Smith's three-year anniversary builds on traceable lineage

We're launching a new Focus guide featuring Jeremy Smith, Fund Manager and Head of UK Equities, as he marks three years leading the UK Equity Income Fund — the latest chapter in a 40-year investment legacy.

Jeremy Smith, Fund Manager and Head of UK Equities, Columbia Threadneedle Investments
clock 25 November 2025 • 1 min read
FCA eyes consolidated tape for equities to bolster liquidity

FCA eyes consolidated tape for equities to bolster liquidity

Support growth and competitiveness

Cristian Angeloni
clock 19 November 2025 • 2 min read
Thornburg IM's Matt Burdett: Europe proves its worth as US exceptionalism fades

Thornburg IM's Matt Burdett: Europe proves its worth as US exceptionalism fades

Global earnings catching up

Matt Burdett
clock 18 November 2025 • 4 min read
Trustpilot