(RTTNews) – Biotechnology stocks showed significant downward movement in Tuesday’s trading session, dragging down 1. 3% on the NYSE Arca Biotechnology index.
The biotechnology index is ceding soil after expanding by 2% in the last session.
Acadia Pharmaceuticals (ACAD) helped bring the sector down, with the biopharmaceutical company falling by 8. 9%.
Intercept Pharmaceuticals (ICPT) and bluebird bio (BLUE) also recorded losses, 4. 9% and 3. 6% less, respectively.