On May 4th, 2020, investors made 154% in one morning with the Stemline Therapeutics takeover...on March 4, 2020, they made 147% in one morning with the Forty-Seven takeover...and on December 9, 2019, they made 100% in one morning with the Arqule was takeover.
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There's plenty of growth in store for biotech. For one, the sector is still one of the safest, most recession-proof investments around. Two, an aging population will demand new, aggressive treatments to treat a myriad of issues. And three, with COVID-19 treatments desperately needed, biotech has taken center stage.