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๐Ÿ’Š Biotech Stocks Slump Amid Broader Market Downturns Despite Positive Earnings and Analyst Upgrades, Reflecting Significant Sector-Wide Pressures | Biotech Sector Insights

Vertex Pharmaceuticals Inc. (VRTX) experienced mixed analyst sentiment, with downgrades from Barclays and Canaccord Genuity, despite some price target increases. BioNTech SE (BNTX) reported increased losses and lower revenue in Q2, alongside its decision to opt out of acasunlimab development.

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