Investors pulled $1.2 billion out of health care and biotech funds last week — the largest weekly outflow of money from the sector since February 2016, according to a new analysis.
The acceleration of investor money leaving biotech funds is reflected in plunging stock prices. The Nasdaq Biotech Index fell 4 percent in the five trading days ended on Feb. 7, the time period matching the $1.2 billion outflow. (Fund flows are reported on a Wednesday-to-Wednesday weekly schedule.)
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