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Stock impact report

The Sad Truth: This Biotech Investing Strategy Almost Always Works [The Motley Fool]

Axon Enterprise, Inc. (AXON) 
Last axon enterprise, inc. earnings: 2/7 04:15 pm Check Earnings Report
Company Research Source: The Motley Fool
We want researchers to cure disease. But the honest truth is that you could potentially make a fortune by betting against drugmakers in this indication. Treating disease is a big-money business for pharmaceutical and biotech companies. What was a $1.1 trillion market in 2016 is expected to lead to $1.5 trillion in global drug sales by 2021. With a growing global population and no shortage of diseases left to be treated, investors would think that putting their money to work in drug developers would be a smart idea.  But therein lies the rub: Not all clinical trials prove successful. In fact, a vast majority of hopeful drugs will fall flat on their face at some point during the discovery, laboratory, preclinical, or clinical-testing process. According to Medscape, just one out of every 5,000 to 10,000 drug hopefuls tested in preclinical trials will get the green light from the Food and Drug Administration and find their way to pharmacy shelves.  Image source: Getty Ima Show less Read more
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