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12:00 AM
Jul 03, 2006
 |  BioCentury  |  Finance

File and forget

2Q Stock Wrap-Up

File and forget

Nobody is going to miss the second quarter. Biotech led a decline that saw the BioCentury 100 Index fall 10%, erasing its 6% gain in the first quarter and putting it down 4% on the year (see "Index Performance").

European biotech issues suffered a similar fate. The BioCentury Europe Index was not insulated from the broader market malaise and suffered a 12% decline in the second quarter after posting a 22% gain in the first quarter. For the year, the continental benchmark is up 7%.

The BioCentury...

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