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A lion doesn't concern itself with the opinion of sheep.”? George R.R. Martin, A Game of Thrones
It has been a trying ten days or so for biotech investors. The SPDR Biotech ETF (XBI) was down over seven percent last week and is down again this week. Some biotech companies reporting good news recently have been overlooked by investors due to such bearish sentiment on the overall sector. One of these companies is Heron Therapeutics (HRTX) which we will revisit in the paragraphs below.