97.210High95.610Low4.80MVolume97.200Open96.950Pre Close461.30MTurnover6.06%Turnover Ratio--P/E (Static)79.23MShares103.39152wk High--P/B7.61BFloat Cap63.70952wk Low0.13Dividend TTM79.23MShs Float174.488Historical High0.13%Div YieldTTM1.65%Amplitude21.351Historical Low96.127Avg Price1Lot Size
» Is this a smid-cap biopharma buying opportunity? 🤔
Stock market sell-off, e.g., $NASDAQ, started late last week on weak jobs data
XBI/smid-cap biopharma were part of sell-off
But..
» Is this sell-off justified for smid-cap biopharma?
» Is this a buying opportunity for smid-cap biopharma?
💡 Lower economic/jobs data = more likely entering lowering interest rate cycle for Fed Reserve
Usually go...
Biotech stocks remain depressed, nearly two years into a dip that has seen the SPDR S&P Biotech ETF XBI 0.05% drop nearly 50%.
The other most-watched exchange-traded fund that tracks the biotech secto...
It does not follow the XBI and Russell 2000 up trend for this period of time. Meaning market drops, it drops. Market ups, it still drop. Gonna cut off from my side
$Merck & Co (MRK.US)$ already has an active partnership with $Janux Therapeutics (JANX.US)$ for two TRACtr targets, and CEO Davis has evinced a preference for acquisition of $SPDR S&P Biotech ETF (XBI.US)$ in which $Merck & Co (MRK.US)$ already has a seat at the table.
$Merck & Co (MRK.US)$ acquisition of $HARP earlier this year (for a song) shows their interest in the T Cell engag...
$Bristol-Myers Squibb (BMY.US)$ is a global biopharmaceutical company known for its innovative treatments in oncology, immunology, and cardiovascular diseases. Over the past year, BMY has faced some challenges, with its stock price nearing its 52-week low. As of June 20, 2024, the stock is trading at $40.795, which is close to its 52-week low of around $40.00.
$Bristol-Myers Squibb (BMY.US)$
Despite recent performance s...
Interesting list of name for the incoming CPI..
$Novavax (NVAX.US)$ $SPDR S&P Biotech ETF (XBI.US)$ $S&P 500 Index (.SPX.US)$
2 biggest deals this yr:
$Vertex Pharmaceuticals (VRTX.US)$ paid $4.9 bil for $Alpine Immune (ALPN.US)$
$Gilead Sciences (GILD.US)$ paid $4.3 bil for $CBAY
Bolt-on deals likely to continue to be the dominant story in 2024, which means we could also see more of this trend...
Last yr 84% of M&A deal dollars were for Biotechs w/ Phase 3 & Marketed assets,
In the first four months of 2024 56% of M&A deal dollar went towards P...
$Pfizer (PFE.US)$ $Dynavax Technologies (DVAX.US)$ $Sandstorm Gold (SAND.US)$ $Bristol-Myers Squibb (BMY.US)$ $SPDR S&P Biotech ETF (XBI.US)$
Assumptions: Overall market is stable and not turning into bear market; US economy no recession; Better to start rate cut in 2024.
$Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$
M&A in Q1 alone totaled 12 deals for $19.2 bil which is close to the 10 deals for $21.9 bil in all the 1H of 2023...
But one big caveat of this chart, it doesn't include $Pfizer (PFE.US)$ 's $43 bil deal for $SGEN announced in Mar 2023 but didn't close until Dec bc of an FTC challenge,
The biggest biotech M&A deal so far this yr was $Gilead Sciences (GILD.US)$ 's $4.3 b...
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