https://www.whitehouse.gov/briefing-room/statements-releases/2022/02/02/fact-sheet-president-biden-reignites-cancer-moonshot-to-end-cancer-as-we-know-it/This is happening in all biotech.
We had the tech sell-off, now the biotech sell-off.
Although Biden is revamping the Cancer Moonshot Program:
This feels like the only way to bring back biotech to mainstream investors, if his new bills get funding. Last time the Biden bills got funding, it pushed $1.8 billion into biotech, streamlined FDA approval processes and created an Oncology Centre of Excellence.
That, or funds buying big.
RAC - Charts & Price Action, page-11412
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