Monday, October 1, 2012
For only the second time since
2000, the BioCentury 100 index has matched or beaten the S&P 500 for four
consecutive quarters, with most of the gains driven by the bellwether names.
Buysiders are cautiously optimistic the sector will benefit from investors'
increased appetite for beta, which might convince buyers not to consolidate
their gains during a quarter with relatively few major catalysts.
Even the smaller cap biotechs
could benefit, as investors look to reinvest cash from recent takeouts like
Amylin Pharmaceuticals Inc., Human Genome Sciences Inc. and Pharmasset Inc.,
and bigger companies with robust valuations but thin pipelines look to stock up