Biotech rally mints huge profits for hedge funds
Wave of M&A fuels rally as big pharma groups hunt for blockbusters ahead of patent cliff
Wave of M&A fuels rally as big pharma groups hunt for blockbusters ahead of patent cliff

Groups will need to buy mature biotechs to replace revenue lost to generic competitors

Industry posts 5% returns in April as stocks including Intel, Alphabet and AMD soar

A shortage of late-stage capital pushes the biggest prizes into US hands

Terns Pharma stock has jumped since promising clinical data on its bone and blood cancer treatment last year

Fund managers most optimistic since 2021 despite worries over tech valuations, Bank of America survey shows

Acquisitions fuel pharma group’s evolution as it prepares to lose patent protection on cancer drug Keytruda