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The Wall Street Publication > Blog > Markets > Hedge Funds Suffer Big Losses on Biotech Rout
Markets

Hedge Funds Suffer Big Losses on Biotech Rout

Editorial Board Published December 5, 2021
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Hedge Funds Suffer Big Losses on Biotech Rout
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Biotech stocks have fallen to earth with a thud in 2021 after soaring last year amid excitement over the development of Covid-19 vaccines, dealing big losses to some hedge funds.

The sector is being buffeted by concerns Congress will move to put a lid on drug pricing and a surfeit of early-stage biotech shares as the IPO market booms.

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