Tag Archives: biotech

Medical breakthroughs, looser FDA made biotech stocks one of the decade’s best investments

Alex Raths | Getty Images Biotechnology was one of the decade’s best investments as a dizzying pace of clinical innovation fueled the discovery of treatments once thought beyond the reach of modern medicine. A more aggressive FDA also aided the trend. An investor who purchased shares of the iShares Nasdaq Biotechnology ETF in December 2009… Read More »

Amgen takes 20% stake in Chinese biotech BeiGene for $2.7 billion

A researcher prepares a sample inside a laboratory at BeiGene Ltd.’s research and development center in Beijing, China, on Thursday, May 24, 2018. Gilles Sabrie | Bloomberg | Getty Images Biotechnology company Amgen announced Thursday it is investing $ 2.7 billion in BeiGene, taking a 20.5% stake in the Chinese biotech firm, valuing it at… Read More »