💊 Scholar Rock Dips Amid Upsized $300M Offering, Gilead Rises with Promising New Data and Arcus Gains on Upcoming Oncology Data | Biotech Sector Insights
Among the ETF's holdings, notable contributors to performance include BNTX, SRPT, HALO, MDGL, and MRNA, all of which experienced declines. Additionally, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has decreased, reflecting broader market sentiment that may also influence the IBB.
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Below are AI-generated insights on moves in the health care/biotechnology sector, powered by MarketReader technology.
Wednesday, October 9
IBB [-0.2%]
iShares Biotechnology ETF (IBB)
Conversations on social media highlight that Transposon will present findings from a Phase 2 study of TPN-101 for C9orf72-related ALS and frontotemporal dementia at the upcoming 2024 NEALS Meeting, an announcement made two hours ago. Among the ETF's holdings, notable contributors to performance include BNTX, SRPT, HALO, MDGL, and MRNA, all of which experienced declines. Additionally, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has decreased by -0.11%, reflecting broader market sentiment that may also influence the IBB.