Biotech continues its descent

Biotech stocks dropped further on Monday with the BC100 losing 6.6 percent of its value on 91 decliners and only 6 advancers. The drop follows last week's 10.3 percent fall, and a 5.8 percent slide the previous week. The tech-heavy NASDAQ also dropped 5 percent on Monday alongside the Dow Jones Industrial, which fell 2 percent. ...