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Biotechs ripping, IBB up almost 8% in three days

Jun. 21, 2017 10:59 AM ETPfizer Inc. (PFE) StockIBB, AMGN, BIIB, CELG, GILD, VRTX, JNJ, NVS, BMY, PFE, LLY, MRK, AGN, XBI, BIB, ABBVBy: Douglas W. House, SA News Editor55 Comments
  • Money flow into biotech has turned decidedly positive. The iShares Nasdaq Biotechnology ETF (IBB +3%) has rallied almost 8% since Friday.
  • Key drivers appear to be reduced anxiety over drug prices with the GOP's rebooted healthcare plan and President Trump's expected executive order, looming M&A deals and expectations of bullish Q1 results from Big Biopharma.
  • Selected tickers: BIB XBI PFE MRK BMY NVS LLY JNJ AGN AMGN BIIB VRTX GILD CELG NVS ABBV

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