Chart of the week: The biotech bubble

The Nasdaq Biotechnology index has risen almost sixfold in the past ten year. In the past five, it has quadrupled.

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"We are not in a biotech bubble, period," insists David Seaburg of asset manager Cowen & Co. But it's getting harder to share his faith. In the past ten years, the Nasdaq Biotechnology index has risen almost sixfold; in the past five, it has quadrupled. It's reminiscent of the 1990s tech bubble.

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