It’s been a turbulent time in the global stock markets. Continuing uncertainty surrounding the American-Chinese trade war and slowdown in Europe has caused tremors in the German Biotech markets generally. Standouts include Mologen (MGNK) which has gone insolvent and MorphoSys (MOR) has strengthened their position significantly.
The DAX rose by 1.2% to 13,146 points, supported by Bayer, Fresenius, and Linde. The only losers are Vonovia, Wirecard, and Merck. The MDAX rose by 1.2% to 27,220 points and the TecDAX gained 1.2% to 3,041 points, supported by Siltronic, Drägerwerk, and S&T. New Work and Qiagen are slightly under pressure.
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The Chinese American trade war has also been causing jitters amongst investors. According to a report by Bloomberg, negotiators from both countries have approached each other on the issue of the withdrawal of trade tariffs. At the same time, the U.S. President Trump’s recent statements that a dea with China will only be possible after the November 2020 elections remains in the minds of investors.
Markit analysts presented the latest purchasing managers’ indices for the European services sector in November. The index rose by 0.4 to 51.9 points. A decline was recorded in Italy and France. In the U.S., the corresponding ISM index fell by 0.8 to 53.9 points.
The Dow Jones Index climbed by 0.7% to 27,701 points, the NASDAQ by 0.6% to 8,572 points.
Mologen’s biotech shares fell by 75% and are currently trading at $0.22 (€0.197). The company filed for insolvency in Berlin on December 4.
Biotest lost 4.3% to $22.24 (€20.05), Qiagen lost 0.8% to $42.18 (€38.03) and BioFrontera lost 0.2% to $5 (€4.51).
On the other hand, MorphoSys improved by 3.1% to $127.35 (€114.80). Vita34 increased by 2.3% to $14.98 (€13.50), Evotec increased by 1.9% to $22.36 (€20.16) and 4SC by 1.4% to $2.48 (€2.24). BB Biotech and MagForce continue to grow.
On Wall Street, the NASDAQ Biotechnology Index rose by 0.3% to 3,756 points.
Arrowhead Pharmaceuticals are under pressure, losing 8.6% to $62.79, while Sarepta Therapeutics is down 1.2% to $110.00.
On the other hand, there are Gilead Sciences papers, which improved by 1.4% to $66.96. The paper price of Gilead Sciences was 1.9% lower than in the previous year. Vertex Pharmaceuticals increased by 0.8% to $222.99, Allergan by 0.6 percent% to $186.17 and Amgen increased by 0.6% to $234.13.
Biotech stocks continue to offer investors high-return opportunities. Again and again, small companies with new therapeutic approaches and ideas are taken over by industry leaders simply because they have to continuously expand their sales base. Not only the U.S. market is regarded as extremely important, but also, to an increasing extent, the Chinese market.
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