RTW’s Wong: Biotech’s Five-Year Slump Is Over

Rod Wong says biotech is rebounding, driven by strong fund gains, policy shifts, and late-stage innovation.

Stephen Taub September 23, 2025

The founder of RTW Investments believes biopharma’s five-year bear market is finally coming to an end.In a client letter detailing August results, dated September 2 and obtained by Institutional Investor, the biotech hedge fund firm’s founder, Rod Wong, told clients, “We are increasingly optimistic that

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