London, UK, 14 September 2022
Edison issues review on BB Biotech (BION)
According to BB Biotech's (BION) investment team, the biotech industry has never looked in such a good position. Following a sell-off in the last 18 months, a combination of fundamental industry strength and discounted valuations has recently attracted investors to return to the biotech market. In the sector, BION is differentiated from the Nasdaq Biotechnology Index by its concentrated portfolio (c 30 stocks) of what the investment manager, Bellevue Asset Management, believes to be best-in-class biotech growth opportunities. The BION team continues to focus on its core portfolio of biotech staples, such as Moderna, blended with undiscovered, innovative companies, bringing new technologies.
BION's current 3.9% premium to NAV is below its historical averages of 25.2% and 13.5% (over one and five years, respectively). BION paid a dividend of CHF3.85 per share) for FY21, equal to a 5% yield at an average FY21 share price.
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