Biotechs pull up from Trump dive

Biotech stocks made a partial recovery late in the week from losses incurred after President-elect Donald Trump blasted the biopharma industry during a press conference Wednesday. Trump said pharma companies are "getting away with murder" and called for "bidding" on drug prices (see BioCentury Extra, Jan. 11).

The BioCentury 100 index closed Friday at 5,146.16, for a two-day gain of 1.5% from Wednesday's close of 5,067.68 and putting the BC100 about halfway back to Tuesday's close of 5,221.34...