Scrip is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Optimism in US biotech wiped away by global fears catalysed by Dendreon implosion

This article was originally published in Scrip

Executive Summary

US stocks took a nose dive 4 August, as investors dumped stocks amidst anxiety that global economic strains were worsening and policy makers have been failing to stabilise the situation. Biotech stocks posted particularly steep losses, dragging the NASDAQ Biotech Index down 13% between 1 August and 5 August. ISI Group analyst Joe Ruggieri called the 4 August slump the worst one-day loss since March 2000, ironically six days after Dendreon filed its initial public offering.



Related Companies




Ask The Analyst

Please Note: Click here for more information on the Ask the Analyst service.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts