Wait 'til next year

Signs of life continue to stir in the biotech markets. As measured by the BioCentury 100 Price Level, the sector still is down about 19 percent for the year. But in last eight weeks, the BC100 has climbed 13.5 percent.

In particular, we were impressed by the energy level in the conference rooms and halls last week at NewsMakers in the Biotech Industry, the third Wall Street biotech investment conference we have organized with The Carson Group this year. The sense of renewed interest among investors and sellside analysts was palpable, if not downright enthusiastic. And while the numbers aren't yet completely calculated, The Carson Group's snap tally indicates that the dollar volume of Tier II and III stocks held by the portfolios in attendance was not trivial. ...