Thursday, July 07, 2022 3:46:01 PM
Professional traders have refused to invest in biotech for quite some time. It didn't matter if the company was great and company's product was great. All biotech went down. Merit was 100% irrelevant. Just look at the XBI. It went from $178 down to a 5 year low of $61. Fortunately, biotech almost certainly has hit rock bottom. The biotech sector's rebound will be wind beneath HGEN's wings over the next couple of years.
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