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Biotech / Medical : Biotech Valuation
CRSP 61.97-3.2%Nov 3 9:30 AM EST

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To: JamesK who wrote (52093)10/2/2023 7:42:55 PM
From: JamesK   of 52153
 
Geez just a couple day bounce after my last post and now on to new lows. The Crisper stocks are starting to get valuations in line with the others. BEAM NTLA PRME all hitting lows.

No interest in GLPG but they are at 8 year low with still a boatload of cash.

Perhaps the backup in long rates is a real problem for the Bios. Not much talked about but people in long dated bond funds must have experienced some real wealth destruction over the last few years. 10 year rate has pretty much quadrupled in a few years.

I've tried Googling for articles like biotech bear and all I get is articles from a year or two ago. No interest. Just continued liquidation and little buying.
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