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2013 biotech stocks: Healthy balance sheets to support small cap tier-jumpers
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Monday, January 14, 2013
The biotech ecosystem looks
healthy moving into 2013. With the space above $1 billion more than replenished
in 2012, mid-cap names have money to create their own tier-jumping stories this
year, while investors see natural selection plucking winners from the small and
Fund managers suggest the
run-up in large caps could lead to a rotation of investment into lower market
cap tiers, fueling the cycle of replenishment necessitated by take-outs like
Amylin Pharmaceuticals Inc. and Human Genome Sciences Inc.
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