Seeking Alpha

Josh Brown notices a "massive multi-year breakout" in biotech stocks (IBB +0.9%), with further...

Josh Brown notices a "massive multi-year breakout" in biotech stocks (IBB +0.9%), with further gains likely as large pharmas continue to acquire the smaller firms so long as their own R&D departments are starving. "They have tons of cash and a burning desire to add pipeline - which makes almost every publicly-traded biotech a target for someone."
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