Nerdy Science Blog

The Age:

The Intersuisse Biotechnology Index has posted its worst yet quarterly drop since its inception 12 years ago, falling by 23.9 per cent because of the continued decline of the stock market.

The result, for the three months to March 31, was the worst quarterly drop since the index’s inception in 1996.

By comparison the NASDAQ Biotechnology index fell 2.7 per cent and the All Ordinaries index fell by 14.3 per cent over the same period.

I don’t think it’s the end of biotechnology in Australia, as there are still some companies having increased index price.  However the majority of the biotech companies had their index dropped.

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