Comment by thaumasiotes
3 hours ago
The difference between those two situations can't be determined by observing the level of interest rates. That's my whole point.
3 hours ago
The difference between those two situations can't be determined by observing the level of interest rates. That's my whole point.
It absolutely can.
High fed rates means the ‘tide’ is different. For biotech to get more interest, it has to have a higher roi than comparable other risk investments.
High ROI != high interest rates.