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Biotech 2005: New Drugs Hold the Key
It wasn't always pretty, but the biotechnology sector closed out 2004 on a positive note, with some good momentum running into 2005.
The Amex Biotechnology Index closed at 549.69 Tuesday, up more than 11% for the year, besting returns of the three major market indices. The Nasdaq Biotechnology Index, a broader measure of biotech sector returns because it includes more small- and mid-cap stocks, finished at 774, up a less robust 5.8%.
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