Mississauga, ON -- (SBWIRE) -- 08/27/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Transgenomic Adds Asia Distributor For ICEme."
Companies mentioned in this article include Transgenomic Inc. (NASDAQ:TBIO).
This week saw a sharp pullback in the biotechnology sector, leading many to question whether the biotech bubble has burst.
The biotechnology sector has seen a multi-year rally so questions over a potential bubble are not surprising. Indeed, many compare the present state of the biotech sector to the peak of the tech bubble at the start of the millennium. However, there is a huge difference between the state of the biotech sector now and the tech sector at the peak of the bubble.
The big difference is that unlike many tech companies during the bubble years, most biotechnology companies have actual products under development that have the potential to generate substantial revenue in the future. The high valuation is justified to an extent given the innovation that has been going on in the sector. Several incurable diseases now have a cure. One example is in the hepatitis C space where innovation has meant that the disease can be cured in under three months.
The full version of this article can be found at:
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