This is only a knee jerk over- reaction to inflationary effects...
Will bounce back once everything settles down again.
Besides, there is going to be a huge tax break for biotechs that can develop new drugs and patents ..
According to latest budget ..
"Companies that patent medical and biotech research in Australia will pay half the corporate tax rate on earnings from those developments under measures to encourage innovation."
Hold tight, well be right...
I took the opportunity to top up yesterday...
GLTAH.
Potential 100 bagger Biotech missed by the market, page-781
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