Skip to Main Content

Three accomplished and chatty hedge-fund investors don’t buy into the theory that the biotech sector is trading on frothy euphoria. And while individual biotech stocks may go up and down, they say, the industry on a whole sits on very solid ground.

Why? Biology. The drugs being discovered and developed now are based on a deeply better understanding of what causes disease, said Adam Stone, chief investment officer at Perceptive Advisors.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!