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The biotechnology market stored its promise for first rate returns with the NASDAQ Biotechnology Index returning 13.2% previously yr. Rising M&A offers, rising AI dominance and favorable regulatory tidings proceed to work in favor of the biotech market. The sector has been benefiting from a flurry of optimistic information, together with trial outcomes and deal actions.
The fast-spreading coronavirus has sparked a race amongst biotech firms. The fatality count in China has crossed 1000, with round 42,638 confirmed instances. Furthermore, new instances confirming coronavirus infections are being reported from totally different components of the world. Biotech gamers are dedicatedly engaged on creating vaccines that may assist comprise the virus. As such, these shares may see some good points owing to elevated demand for medication or vaccinations (learn: Can Biotech ETFs Continue to Soar in 2020?).
Let’s check out some large biotechnological earnings releases and see if these will affect ETFs uncovered to the area.
Earnings in Focus
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