Biotech Earnings Outlook ‘As Good As Ever’: Cowen

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Biotech Earnings Outlook ‘As Good As Ever’: Cowen
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Biotech companies have been taking a beating as the presidential debates rage on and candidates target the companies for their pricing on specialty pharmaceuticals. Cowen and Company’s Biotechnology Team thinks the third quarter earnings season is “shaping up” to be “a critical period” for the sector as a whole.

Investors appear to be taking their advice positively today, as shares of the firm’s favorite biotech stocks are on the rise, pretty much across the board. Indeed, this has been a strong year for the biotech sector, as in March, it became the first sector to outperform for five consecutive years.