WSJ News Exclusive | Hedge Funds Suffer Big Losses on Biotech Rout

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Some hedge funds have logged losses well into double-digit percentages as regulatory concerns and other issues have buffeted the biotech sector

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

 

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