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As vaccines come into view, here’s what you need to know about investing in biotech

The wild ride of the last few weeks may give way to something more stable

Photo: Pixabay

Nothing beats being in the right place at the right time. This year that has proved true in spades. If you were fortunate enough in January to own shares in Novacyt, a tiny company with a test that could detect Covid-19, and you resisted the temptation to sell, you were sitting on a gain of 7,000 per cent by early November: £1,000 became £70,000. This happened because Novacyt itself was in the right place at the right time. Its test launched across Europe in February and…

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