Biotech and pharma diversification pays off

Alex Carchidi dissects the biotech sector - mostly highly risky, borderline investments. Diversification pays off (3:40). Funding is hard to come by and performance has not been great but ebb will give way to flow (6:00). Biotech and pharma; gene editing, gene therapy competitive story (7:45). Buy the rumor, sell the news is cliched but true for these stocks (17:00). Getting realistic about high price of drugs (20:05).Show Notes:CRISPR/Vertex gene editing therapy approved in U.S. for beta-thalassemiaFirst RSV shots, groundbreaking gene therapy among 2024 drugs to watchPsychedelic Stocks = Super-Risky Biotechs Low On Cash. Make Small Bets.Lilly, Novo Nordisk diabetes drugs see price raises - reportEpisode transcriptsFor full access to analyst ratings, stock quant scores as well as dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions