The Nasdaq Biotechnology Index rose over 2.4%, outperforming the broader U.S. stock market. Novavax increased by 20.67%, while Ironwood Pharma, Moderna, Vir Biotechnology, BioNTech, Annexon, and Aura Biosciences saw gains between 15.94% and 10.26%. Solid Biosciences rose by 9.61%. In contrast, Zenas Biopharma fell by 6.18%, PepGen dropped by 9.08%, and Legend Biotech decreased by 11.40%
The Nasdaq Biotechnology Index closed up over 2.4%, outperforming the major U.S. stock indices. Component stock Novavax rose 20.67%, Ironwood Pharma, Moderna, Vir Biotechnology, BioNTech, Annexon, and Aura Biosciences increased by 15.94% to 10.26%, while Solid Biosciences rose 9.61%. Zenas Biopharma, on the other hand, fell 6.18%, PepGen dropped 9.08%, and Legend Biotech declined 11.40%