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Biotech is back after having given up 3.4% last Friday (the day after a jump of 27%). Investors are speculating in anticipation of important oral presentations at the annual virtual congress of the European Society for Medical Oncology (ESMO).

At the end of a recent CSIS, the French authorities announced an unprecedented amount of credits (7 billion euros): 1.5 billion for university hospital research, 2 billion for investment in health via bpi France , 1.5 billion in aid for the relocation of industrial projects, and 2 billion to strengthen investment in three sectors of the future (bioproduction, digital medicine, and pandemic preparedness). In addition, the annual growth in drug expenses reimbursed by Medicare will be 2.4%, which should generate growth of at least 0.5% in laboratory turnover,

Above all, the normal drug marketing procedure will be accelerated (up to 500 days saved) if the actual benefit is sufficient.

Acting exclusively as a distribution channel, BOURSORAMA did not participate in any way in its development nor exercised any discretionary power with respect to its selection. The information contained in this analysis has been transcribed “as is”, without any representation or warranty of any kind. The opinions or estimates expressed therein are those of its authors and do not reflect the point of view of BOURSORAMA. Subject to applicable laws, neither the information contained nor the analyzes expressed therein can engage BOURSORAMA’s responsibility. The content of the analysis made available by BOURSORAMA is provided for information only and has no contractual value. It thus constitutes a simple decision aid over which the user retains absolute control.

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Ref: https://www.boursorama.com