BIOTECH BARBEQUE

While the broad markets shows balance between buyers and sellers, the biotech industry is being dismembered.  Biotech ETF IBB is down over 3% already on the session.

Leading the way lower are the ones tinkering with God’s molecules over at Exact Sciences Corporation.  They caught a downgrade by an analyst from Benchmark and are being roasted on a spit—down over 40% on the session as of this writing.

Here are some other big biotech losers so far today:

Data source: Exodus Market Intelligence