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An ASH That Moves The Ball – And The Ticker Price

 
• By Jessica Merrill

The American Society of Hematology meeting showcased breakthroughs and some ho-hum news, resulting in rollercoaster-like crests and troughs for biotech stocks.

Hitting bigger business target

In a year of notable advances in blood cancer and gene therapy, the American Society of Hematology (ASH) annual meeting Dec. 9-12 presented the opportunity for drug companies to showcase their latest advances. Big news on potentially paradigm-changing medicines were rewarded as investors clung on for a soaring ride, while Wall Street's reaction to less-than-stellar news coming out of ASH was about as blustery as the December snowstorm that hit Atlanta on the opening day.

Biotech stocks relying on the success of one or two late-stage products experienced big stock fluctuations on Monday morning after the busy weekend of data releases. bluebird bio Inc.'s...

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