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"Purgatory is hell with hope.” ? Philip José Farmer
The biotech sector is off to a very tough start this Wednesday in what feels like a lot of algorithmic trading as the market is flat, and there is not a lot of news around the sector to account for the drop. Just before noon EST, the SPDR Biotech ETF (XBI) is down some four percent.
For those inclined to do some 'bargain shopping', here are three small-cap biotech names with recent and significant insider buying.