Losing streak continues for biotech stocks

Biotech indices failed to hold intraday gains on Tuesday, losing ground for the eighth consecutive day in a sell-off that has pushed the indices into the red for the year (see BioCentury Extra, Sept. 28).

The BioCentury 100 Index lost 103.48 (1.8%) to 5,568.44. The index has now shed 7.2% for the year. ...