The benchmark Nasdaq Biotech Index has climbed 26% this year, compared with a 15% gain in the S&P 500 Index, pointing to no let-up in market-moving drug trial data even during the pandemic.
While the index hit a bump this week amid worries of delays in distribution of the two U.S.-approved inoculations, investors are on the lookout as a second group of vaccine developers race to test shots, including those from Novavax, Johnson & Johnson and partners Glaxosmithkline and Sanofi.
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