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12:00 AM
 | 
Jan 06, 2003
 |  BioCentury  |  Finance

4Q Wrap-Up: Holiday letdown

Biotech didn't get a December rally, as has been the case in years past, when buysiders tried to get in front of the presumed January effect that begins with the annual JPMorgan H&Q Health Care Conference. The BioCentury 100 slipped 8% in the last month of the year, shaving the fourth quarter gain to a paltry 3%.

While positive territory is better than the alternative, the advance paled in comparison to the double-digit quarterly advances from the NASDAQ Composite...

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