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Biotech stocks recovering from Bloody Tuesday

December 30, 2014 2:32 AM UTC

The BioCentury 100 and the NYSE Arca Biotechnology (BTK) indexes both edged up for a third day on Monday after dropping last week in the fallout from news that Express Scripts Holding Co. (NASDAQ:ESRX) had fired the first shot in the payer war on HCV drug prices.

The BioCentury 100 has regained 3% since tumbling 5% last Tuesday and the BTK has bounced back 4%, matching last week's selloff. ...