Biotech Stocks Shaken by Fed Warning
Today’s Financial Times (FT) reports that nearly $40bn was wiped from the biotech market’s value last week (a 6 per cent drop in the Nasdaq biotechnology index) following the Federal Reserve’s identification of biotech shares as a cause for concern.
Today’s Financial Times (FT) reports that nearly $40bn was wiped from the biotech market’s value last week (a 6 per cent drop in the Nasdaq biotechnology index) following the Federal Reserve’s identification of biotech shares as a cause for concern. There was some recovery on Friday however when prices rebounded 3 per cent.
The US central bank has said biotech valuations in the sector appear to be stretched; the FT however points to analysts who argue that they “simply reflect the hoped-for higher growth rates, which can be astronomical”.
The FT also points out that investors “were pulling money out of the sector before the Fed issued its warning”. But the Nasdaq biotechnology index still remains 16 per cent above its low in April.
Navigating Distrust: Pharma in the Age of Social Media
February 18th 2025Ian Baer, Founder and CEO of Sooth, discusses how the growing distrust in social media will impact industry marketing strategies and the relationships between pharmaceutical companies and the patients they aim to serve. He also explains dark social, how to combat misinformation, closing the trust gap, and more.
