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AMAG PHARMACEUTICALS INC (AMAG) 39.75 -$0.06 (-0.15%) 05:04AM (15 mins delay)

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Biotech Opportunities: Look for Decent Pipeline, Big Pharma Partnerships

Jun 02, 2009 - 8:43 AM EDT

Zacks.com submits:

By Grant Zeng, CFA

The Biotech industry as a whole continues to underperform the market so far this year. As of May 26, 2009, Both the AMEX Biotech Index and the broader NASDAQ Biotech Index declined 6.8% (AMEX Biotech has 20 biotech companies while NASDAQ Biotech Index includes over 130 component companies), while the Dow Jones Biotech Index declined 3% (which includes 33 companies).

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Source: Seeking Alpha (Jun 02, 2009 - 8:43 AM EDT)