Mississauga, ON -- (SBWIRE) -- 09/26/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Lipocine's Shares Surge as Company's Oral Testosterone Replacement Therapy Successful in Mid-Stage Study."
Companies mentioned in this article include iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) and Lipocine Inc. (NASDAQ:LPCN).
The biotech sector has seen a pullback in trading today, tracking losses in the broader market. However, the iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB) did break through a key resistance level on Friday.
The IBB had seen a sharp sell-off at the start of this year, dropping well below $300. Although the sector did rebound, it failed to break through $300 until last week. The sector has been driven higher by a spate of positive news relating to the sector. In the past few months, we have seen several acquisitions announced, which should provide support to the sector. We also seen some positive sentiment due to recent drug approvals.
The full version of this article can be found at:
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