Biotech stocks remain depressed, nearly two years into a dip that has seen the
SPDR S&P Biotech ETF
drop nearly 50%.
The other most-watched exchange-traded fund that tracks the biotech sector, the i
Shares Biotechnology ETF
(ticker: IBB), is down 20% over the same period, since early February of 2021. The
S&P 500
is up just over 2% since then.
Source: https://www.barrons.com/articles/cheap-risky-biotech-stocks-gracell-51674068117?siteid=yhoof2&yptr=yahoo