US Biotech posts strong performance in April, says Burrill
April was a good month for biotech with the Burrill Biotech Select Index rising 6.2%. In addition, the capital markets were able to shrug off the escalating price of oil and take comfort from stronger earnings reports from major companies in key industrial sectors. As a result, the April performance of the Dow Jones Industrial Average was positive, closing up 4% and the Nasdaq Composite Index mirrored the performance of the Dow, jumping 3.3%.
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