Biotechs lead Uncapped 100 higher

Eureka Report's Uncapped 100 posted strong gains today as biotech stocks Bionomics and Nanosonics rose on positive news.

The Uncapped 100 is strongly outpacing the wider market today and the outperformance can be credited in part to biotech stocks.

Bionomics (BNO) is one of the shooting stars with a close to 10% surge to a more than one-year high of 50 cents on news that it had signed a deal with pharmaceutical giant Merck that could earn the small biotech $US172 million plus royalties.

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