Only one M&A deal completed to date in 2013... Wow!

The dearth of deal-making hasn't hurt the biotech sector's performance this year, but how long can that last?

-- Reported by Adam Feuerstein in Boston.

Adam Feuerstein writes regularly for TheStreet. In keeping with company editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet. He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback; click here to send him an email.

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