In trading on Tuesday, drugs shares were relative leaders, up on the day by about 3%. Leading the group were shares of Myovant Sciences (MYOV), up about 88.6% and shares of Athenex (ATNX) up about 35.5% on the day.
Also showing relative strength are biotechnology shares, up on the day by about 2.5% as a group, led by Cabaletta Bio (CABA), trading up by about 29% and BioCryst Pharmaceuticals (BCRX), trading up by about 18.2% on Tuesday.
VIDEO: Tuesday Sector Leaders: Drugs, Biotechnology Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.