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These Nasdaq Biotech Stocks Doubled in 2020. Here's Why They're Soaring on Friday

These Nasdaq Biotech Stocks Doubled in 2020. Here's Why They're Soaring on Friday

The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been doing very well in recent months, rising to set dozens of new record closing highs. On Friday, Nasdaq investors decided it was time for a pause, as the benchmark fell about half a percent just before 3 p.m. EST. Shares of Sorrento Therapeutics were up another 19% on Friday.