Biotechs start to outperform

Australian biotechs are starting to mirror the US bull run.

Things are looking up for Australian biotech stocks, with the sector on the cusp of a multi-year bull run if indications from their United States peers are anything to go by.

Biotech stocks listed on the US NASDAQ are running red hot, with the group delivering a total return of 50.6% since the start of the year, nearly 70% ahead of the broader NASDAQ Index.

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