Biotech falls to 18-month low

Biotech stocks were hammered on Wednesday, resuming a selloff that has depressed indices in the early days of 2016. The BioCentury 100 index dipped 298.68 (6%) to 5,121.17 on Wednesday, with decliners outnumbering gainers 98-2. The index has fallen 19% YTD and now sits at its lowest point since July 2014. The BC100 is off 37% from a peak of 8,161.20 reached on July 20, 2015. ...