Nearly 75% Of Biotechs Have No Earnings

Nearly 75% Of Biotechs Have No Earnings (ZeroHedge, March 21, 2015):

Adding across the entire Nasdaq Bitoech Index, the market cap is about $1.06 trillion. As for net income: $21.1 billion.  In other words, the NBI now trades with a P/E of 50x, with over 80% of the entire sectort’s earnings concentrated in just 5 companies.

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