
Growing trends of Biotech [Pharmaceutical] Industry
In the week since the announcement, Amgen stock has risen, and led to a “buy” status after a year of steady growth and favorable changes in operations. The Biotech industry as a whole has seen a trend of declining market stability; however, this does not apply to the biotech pharmaceutical industry. According to Forbes, “a few sectors have managed to hold up surprisingly well. In particular, there has been great strength in the [biotech pharmaceutical], as this segment is currently leading the market from a year-to-date look”. The biotech pharmaceutical industry is displaying huge potential, and despite Amgen’s recent lay-off, will lead to market growth and job opportunities.
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Sources:
http://www.thestreet.com/story/12832523/1/why-amgen-amgn-stock-is-up-today.html
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