In trading on Thursday, biotechnology shares were relative laggards, down on the day by about 3%. Helping drag down the group were shares of Asterias Biotherapeutics (AMEX:AST), down about 10.1% and shares of Anavex Life Sciences Corp (NASDAQ:AVXL) down about 9.2% on the day.
Also lagging the market Thursday are drugs shares, down on the day by about 3% as a group, led down by India Globalization Capital (AMEX:IGC), trading lower by about 21.6% and Arrowhead Pharmaceuticals (NASDAQ:ARWR), trading lower by about 17.2%.
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