Rocket Biotechs

Description:

As of late, the biotech sector has seen some serious momentum. Take Pfizer (PFE), which just bought Wyeth (WYE) for $65 billion dollars, or Bristol-Myers Squibb (BMY) publicly said that they are looking to invest $8 billion dollars or so into the biotech space going forward.
Over the last 3 months, shares of biotechnology firms Geron (GERN) and StemCells (STEM) are up roughly 200%, which compares to a decline in the Standard & Poor’s 500 Index (SPY) of almost 5% and a decline in the NASDAQ Biotechnology ETF (^NBI) of about 3%

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