The market doesn't always make sense and right now biotech is not flavour of the month.
If you want a bit of interesting reading look up the ASX posts of AYO - Amity Oil and tell me why on earth it is trading at the same price it was a year ago. There is a continual stream of great announcements since the beginning of the year and the price has fallen.
At this time of year lots of things seem to drop for no fundamental reason. Expect it to stop around mid June once people have their tax selling complete.
pip
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Which one of you is selling?, page-12
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