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In any market’s upswing, there are always going to be people who make the case that “it’s different this time”, and historically, most of the time, that argument doesn’t hold up.
I have never seen so many interesting and novel therapeutic opportunities as there are right now.
The promise in biopharma seems to outrank the promise of a lot of other investment options, though, so I hope that everyone is banking it and using it wisely.