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Biotech Etf Ibb On Pace For Best Weekly Gain 7 Months

12:20 EDT 22 Jun 2017 | Topix

A popular fund used to invest in the biotechnology sector on Thursday was on track for its best weekly gain in seven months, according to FactSet data. The iShares Nasdaq Biotechnology ETF was up 1.3% on the day and looking at a 9.3% weekly advance, which would mark its best such gain since the week ended Nov. 11. Gains in the exchange-traded fund were being aided by a 13% climb in shares of XBiotech Inc. and a 8% jump in Sangamo Therapeutics Inc. [: SGMO].

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