Why Adaptimmune Therapeutics, Atreca, and CRISPR Therapeutics All Tanked In March [The Motley Fool]
Adaptimmune Therapeutics plc - American Depositary Shares (ADAP)
Last adaptimmune therapeutics plc - american depositary shares earnings: 5/9 07:30 am
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US:NASDAQ Investor Relations:
ir.adaptimmune.com/phoenix.zhtml?c=253991&p=irol-newsarticle&id=2255800
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Source: The Motley Fool
George Budwell(TMFGBudwell)Author BioGeorge Budwell has been writing about healthcare and biotechnology companies at the Motley Fool since 0. His primary interests are novel small molecule drugs, next generation vaccines, and cell therapies.What happenedMarch wasn't kind to any asset class because of the COVID-9 pandemic. But the month took a particularly heavy toll on risky clinical-stage biotech stocks. Shares ofAdaptimmune TherapeuticsNASDAQ:ADAPAtrecaNASDAQ:BCELCRISPR TherapeuticsNASDAQ:CRSP Global Market IntelligenceSo whatWhy did clinical-stage biotech stocks tank last month? Companies like Adaptimmune, Atreca, and even CRISPR are heavily dependent on secondary stock offerings to raise capital for their costly clinical activities. What's more, these types of companies are essentially a science experiment, which entails a whole lot of risk.Image source: Getty Images.So with the market in meltdown mode over the COVID-9 pandemic, investors clearly lost their appetite for risk in ge
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