Biotech Companies

Biotech stocks spiked higher on Wednesday after the U.S. government said that Medicare will be exhausted in 2028, two years sooner than projected last year. In addition, the U.S. government said that a cost-cutting mechanism known as the Independent Payment Advisory Board (IPAB) is projected to...

Biotech investors are off to a rough start for the week as three notable names are seeing their stocks getting destroyed. Mirati Therapeutics Shares of Mirati Therapeutics, Inc. (NASDAQ: MRTX) hit a new 52-week low of $10.50 after the company provided an update on its current clinical...