BioCentury
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Modest rally ends rough week for biotechs

January 30, 2016 2:46 AM UTC

Biotech stocks ended a difficult earnings week with a modest rally Friday. The BioCentury 100 index gained 75.39 (1.6%) to 4,814.53, with gainers outnumbering decliners 77-22. For the week, the index was off 338.96, or 6.6%. It is down 31% YTD.

The NASDAQ Biotechnology Index (NBI) and the iShares NASDAQ Biotechnology ETF (IBB) each fell 7.8% during the week, while the NYSE Arca Biotechnology Index (BTK) lost 10.6%. ...