Introduction Biotechnology has been a difficult space to deploy capital over the previous ~18-24 months. This cohort plummeted over and over again from both sides of the political isle as the 2016 presidential race unfolded. Between Hillary Clinton, Bernie Sanders and Donald Trump taking aim at drug pricing via speeches, Twitter, and other social media … Continued
The price of Bitcoin, the most popular digital crytpo-currency, has skyrocketed this year. According to Coindesk, bitcoins are currently trading for $2,483 per coin. The price is an all-time record, and the remarkable valuation blows earlier price spikes out of the water. Bitcoins have more than doubled since the beginning of 2017, when they hovered around $1,000 per coin. … Continued
Pfizer Inc (PFE.N) is in advanced talks to acquire U.S. cancer drug company Medivation Inc (MDVN.O) for close to $14 billion, as it seeks to boost its oncology portfolio, people familiar with the matter said on Sunday. Pfizer has agreed to pay a little more than $80 per share for Medivation, one of the people … Continued
Britain’s benchmark FTSE 100 index could fall to its lowest point since 2011, slipping below the 5000 mark if the country votes to leave the EU, according to UBS. In a note titled “A roadmap for the ‘Day After’”, strategists at the Swiss bank calculate the FTSE 100 could suffer a more than 20 per … Continued
Moments ago, when the latest YouGov poll came out and showed a modest lead of 51% to 49% for Remain (up from 44% for Leave and 42% for Remain as of June 19), showing a steep drop in the momentum of the Leave campaign… and in the process pushing the FT poll tracker in “Remain’s” … Continued
A bubble could be bursting. China’s stock market bubble may finally be bursting. Shares of Chinese companies plunged on Friday, in the worst drop in that country’s stock market in years. The dive may end the recent quixotic run in China’s market, which has soared this year even as China’s economy has gone through its … Continued