Big biotech companies have flushed $100 billion in stock buybacks down the toilet

Big biotech companies have flushed $100 billion in stock buybacks down the toilet


When it comes to the more than $100 billion that big biotech companies have spent in recent years, Leerink analyst Geoffrey Porges might well sing back: Absolutely nothing. , among others, have actually produced a negative rate of return on their stock buybacks, though they were also able to influence earnings-per-share growth in the process.



from Biotech News
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