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0.000806451612903256 -0.00107526881720428 -0.000268817204301022 -0.00322580645161303 -0.00349462365591405 -0.0056451612903226 -0.00772043010752684 -0.0241935483870967
Stock impact report

Biotech stocks slide as Marks resignation seen being negative for sector [Yahoo! Finance]

Beam Therapeutics Inc. (BEAM) 
Company Research Source: Yahoo! Finance
Center for Biologics Evaluation and Research, Peter Marks. RBC Capital says the development is “not good for the biotech industry even beyond vaccines.” Voicing a similar opinion, BMO Capital told investors this morning that it sees the news as a “significant negative” for the biopharma and biotech sectors. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. “NOT GOOD” FOR BIOTECH SECTOR: RBC Capital believes the resignation of the head of the FDA's Center for Biologics Evaluation and Research, Peter Marks, is “not good for the biotech industry even beyond vaccines.” Marks had been a key advocate for more flexible, efficient approval processes for drugs, particularly those for orphan diseases such as gene therapies, the firm tells investors in a research note. Additionally, the news highlights risk of further attrition among lead Show less Read more
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