Shares of several biotech stocks were sinking on Thursday due to a major market sell-off related to increased worries about the impact of the coronavirus disease COVID-19. AnaptysBio (NASDAQ: ANAB) stock was down 8.2% as of 11:38 a.m. EDT after falling as much as 16.4% earlier in the day. Shares of bluebird bio (NASDAQ: BLUE) were down 11.4%. Editas Medicine (NASDAQ: EDIT) stock was down 11.2%.
COVID-19 has been like a quicksand that's sucking down nearly every stock in sight. The main difference is that quicksand really only sucks down objects in movies and not in real life, while COVID-19 really is causing stocks to plunge.
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