Category: biotech

The Week Ahead in Biotech (Nov. 7–Nov. 13): Earnings Taper Off, Multiple Conference Presentations, IPOs, and More

November 10, 2021
biotechBusiness & EconomyCompaniesEconomiesInvestmentMarkets
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Biotech stocks reversed course and closed the week ended Nov. 5 lower, squandering the gains notched early in the week. What was good news for Pfizer, Inc. turned out to be negative for several others engaged in COVID-19 vaccine and treatment research. Pfizer announced Friday its oral COVID-19 pill Paxlovid reduced the risk of COVID-19-related…

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Cotton, Gallagher Urge Biden Administration to Blacklist Chinese Biotech Companies

September 30, 2021
biotechChinaNational SecurityUSUS NewsUS-China relations
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Sen. Tom Cotton (R-Ark.), and Rep. Mike Gallagher (R-Wis.) on Sept. 30 called on the Biden administration to blacklist Chinese biotech companies, citing U.S. national security concerns, and the Chinese regime’s ambitions to “dominate biotechnology.” In a letter (pdf) to Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo, and Defense Secretary Lloyd Austin, the Republican…

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Stocks Are Up but Overall Outlook Is Far From Certain

August 16, 2021
AnalysisbiotechBusiness & EconomyEconomiesinflationInvestmentMarketsOpinionstock
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Commentary The biggest news over the past week must include U.S. jobs growth. News of the nearly 1 million more jobs available in a month is certainly exceptional. Before 2020 when the United States achieved historically low unemployment rates, one-fourth or one-fifth of this was regarded as significant. The latest release called the Federal Reserve…

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