The Biotech Growth Trust PLC (BIOG.L)
The Biotech Growth Trust PLC operates in the Asset Management industry of the Financial Services sector, headquartered in London, NY, GB. The stock last traded at $1724.00, up 1.41% on the session, giving a market capitalisation of $329.4M. Its beta of 0.59 implies it has historically moved less than the broad market.
The Biotech Growth Trust PLC, a closed-ended equity investment vehicle, was originally established by Frostrow Capital LLP and is jointly managed by OrbiMed Capital LLC. Formed on May 20, 1997, and legally based in the United Kingdom, this trust allocates its capital to global public equity markets. Its primary objective is to invest in shares of companies operating within the biotechnology sector, spanning the full range of market capitalizations. The construction of its investment portfolio relies on rigorous fundamental analysis, and its performance is benchmarked against the NASDAQ Biotechnology Index. It was previously identified as Finsbury Emerging Biotechnology Trust PLC.
The Biotech Growth Trust PLC is most often compared with the following Financial Services names: