Amgen’s $415 million acquisition of DeCode suggests big-pharma will transition from blockbuster drugs to specialized medicines that target specific areas of the human body, a possibility that could bode well for the biotech sector and its ETFs, according to an article on ETF Trends.
The pursuit for targeted drugs could also benefit from the Obama administration’s push toward health care reform, as the extra insurance coverage would boost demand for medicines, the article said.
For investors seeking a doorway into biotech investments, consider these sector-covering ETFs as a starting point:
- Market Vectors Biotech ETF (NYSEArca: BBH)
- iShares Nasdaq Biotechnology ETF (NYSEArca: IBB)
- First Trust NYSE Arca Biotechnology Index Fund (NYSEArca: FBT)
Head over to ETFtrends.com to learn more about ETFs within the biotech sector.