The irony is that this industry took a hit at a time when nearly 300 biotech drugs and vaccines are in human clinical trials, ... The pipelines have never been fuller. I think it'll take investors a little more time to recognize that before small-cap stocks will come back.

It is unclear how this occurred, but we must find out.

A festive, colorful group ... (that) doesn't have a clue about what the biotechnology industry does.