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Monday, June 17, 2019

Biotech outperforms on M&A animal spirits

Array BioPharma is up 56% after agreeing to a sale to Pfizer for more than $10B. UniQuire, meanwhile, is higher by 8.35% after a weekend report thatit’s exploring a sale.
Other potential biotech targets: BioMarin (BMRN +4.2%), bluebird bio (BLUE+3.5%),  Sage Therapeutics (SAGE +3%), Neurocrine Bio (NBIX +2.5%), Seattle Genetics (SGEN +4.8%), Sarepta (SRPT +1.5%).
The iShares Nasdaq Biotechnology ETF (IBB +2.9%)

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