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Page 3 - நாஸ்டாக் உயிரி தொழில்நுட்பவியல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Top COVID-19 Vaccine Stories of April Put Biotech ETFs in Focus

Top COVID-19 Vaccine Stories of April Put Biotech ETFs in Focus Zacks.com 5/4/2021 The world’s largest economy has started to witness a decline in the number of new coronavirus cases. In fact, the seven-day average of daily cases dropped to under 50,000, down 17% from the previous week (as of May 1), per a CNBC article. There has been a decline in the number of hospitalizations as well along with a decreasing death toll from coronavirus infections. Popular Searches In fact, former U.S. FDA commissioner Scott Gottlieb is predicting a “relatively quiet summer when it comes to coronavirus spread,” as mentioned in a CNBC article. Going by the same article, he has said on CBS News that “look, the situation in the U.S. continues to improve, and I think in the coming weeks we are going to see an acceleration in the decline in cases.”

1 Cancer Stock to Buy and Hold for the Next Decade

While the market is hitting all-time highs, shares of the Nasdaq Biotechnology ETF (NASDAQ:IBB) are trading essentially flat year-to-date, down just over 15% from their peak. Down 11% since the beginning of the year, but up just less than fivefold over the past five years , Blueprint Medicines (NASDAQ:BPMC) has two products on the market and a clear path to continue to achieve big gains for investors in the future. Image source: Getty Images. Others make the copies, they make the blueprint Blueprint Medicines is the first and only company to have two internally discovered and developed medicines that received U.S. Food and Drug Administration (FDA) approval within a decade of founding. Not bad for a company with a market cap of only $5.4 billion. And now, it has plenty of cash and a few more potentially blockbuster ideas up its sleeve.

Arcutis Biotherapeutics Reports Operational Progress, Financial Loss in Fourth Quarter | San Fernando Valley Business Journal

Arcutis Biotherapeutics reported robust business progress in conjunction with its fourth-quarter earnings report on Wednesday, including 18 clinical trials for three different product candidates in the dermatology market. The Westlake Village biopharmaceutical company, which completed its IPO in January last year, reported a net loss of $34 million (-79 cents per share) for the quarter ended Dec. 31, compared to a net loss of $12.6 million (-$6.13 per share) for the corresponding period last year. Analysts on average expected a net loss of $38 million (-88 cents per share) for the fourth quarter, according to Yahoo Finance. Net loss for the year was $136 million (-$3.80 per share) compared to $42 million (-$22.78 per share) in 2019.

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