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Biotechnology shares were trading to the upside Monday as the group rallied along with the overall market.
The Nasdaq Biotechnology index added 3.1% to 722.63. Components of the index and sector bellwethers Amgen (AMGN Quote) and Gilead (GILD Quote) added 4.9% and 6.3%, respectively.
Another big name in the group, Genentech (DNA Quote), said that after a planned interim analysis, a late-stage study of Avastin plus chemotherapy in patients with early-stage colon cancer will continue. Shares were off 21 cents, or 0.3%, at $83.32. ...
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