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Biotechs Are Booming on Wall Street Again — But for How Long?

from TIME

If a flood of new startups are rushing into the public market, does it create a bubble? That questions seems to be playing out in the biotech sector, which has gone from years of inattention among investors to a sudden area of interest in the stock market. Last year, 37 biotech companies went public, raising $2.7 billion, according to Renaissance Capital. Both figures easily surpass the totals from the previous five years combined, and even exceed the numbers from the “genomic bubble” year of 2000, when 26 companies raised $1.9 billion. more

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