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-8.16893354572978E-05 -4.0844667728707E-05 -0.000694359351386741 0.00424784544377728 0.00902667156802671 0.0135195850181759 0.00179716538005962 -0.00453375811787777
Stock impact report

On biotech's biggest stage, renewed excitement gets a stress test [Yahoo! Finance]

Revolution Medicines, Inc. (RVMD) 
Company Research Source: Yahoo! Finance
SAN FRANCISCO — The irony isn't lost on Alexis Borisy. The famed biotechnology investor has, all this week, at the industry's biggest event, been taking meetings from a downtown hotel suite, on a glossy, powder blue couch that has an odd resemblance to a drug capsule. I guess it really does, he said with a booming laugh. Borisy has co-founded handfuls of companies, including his current passion project, the venture capital firm Curie.Bio, and the cancer drugmaker Revolution Medicines, which is rumored to be in talks for a deal worth tens of billions of dollars. He's also been coming to the J.P. Morgan Healthcare Conference for decades, since it was run by Hambrecht & Quist. This year, for the first time in several, he found attendees significantly more optimistic. They have reasons to be. A historic downturn in the biotech sector that began in late 2021 is finally showing signs of subsiding. Acquisition activity spiked in the back half of last year, when at least 28 deals worth $ Show less Read more
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