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‘Nowhere to hide’: As biotech stocks plummet, an industry is being reshaped by the fallout

By Adam Feuerstein, Damian Garde, and Matthew HErper

Mike Reddy for STAT

Biotech investors, once the envy of Wall Street, have slipped into despondency. After a double-digit decline in 2021, the sector has fallen another 20% in the new year, erasing billions in value and leading even the most seasoned investors to question whether biotech has further to fall.

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Saturday, January 29, 2022

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