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Biotech stocks drop after FDA makes it easier for public to search for drug side effects

  • Biotech stocks fell Friday, a day after the U.S. Food and Drug Administration made its database of side effects for medicines searchable.
  • Sarepta Therapeutics, Ionis Pharmaceuticals, Biogen and Acadia Pharmaceuticals all traded lower after investors found reports on their drugs on the FDA's Adverse Events Reporting System.
  • It is not clear whether the adverse events were caused by the medicines themselves, or were incidental, an analyst said.

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