Finance Watch: Up, Up And Away – Biopharma Stocks Keep Rising

 
• By Mandy Jackson and Kevin Grogan
  
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Public Company Edition: Drug developers continue to take advantage of investors’ preference for biotechnology investments, with CRISPR, Acceleron and BioNTech raising massive sums. The wealth isn’t spreading to everyone, however, as DBV Technologies is restructuring and cutting jobs. 

Finance Watch

Indoor dining at restaurants and bars is shutting down again as the COVID-19 pandemic worsens in the US as numbers of confirmed cases of the novel coronavirus reach new daily highs, and most companies remain in work-from-home mode or are running at reduced capacity while the country awaits a significant improvement in the virus’ spread. The economic impact has been devastating across most sectors of the global economy, but the biopharmaceutical sector remains an outlier with drug makers’ stock prices rising, opening up big fundraising opportunities.

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