Biden's Million Dollar Moonshot - $240 Million Is A Boon For Cancer Research, Will it be a Boost For Pharma Stocks Too?
Portfolio Pulse from Johnny Rice
President Biden announced a $240 million investment to support cancer research through ARPA-H, as part of the Cancer Moonshot initiative. This funding aims to enhance cancer prevention, detection, treatment, and survival. The investment is expected to drive innovation and could benefit companies developing cancer treatments. The Tema Oncology ETF (CANC) is highlighted as a way for investors to engage in oncology-focused investments and potentially benefit from the initiative's progress.
December 05, 2023 | 9:17 pm
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The Tema Oncology ETF (CANC) could benefit from Biden's $240 million investment in cancer research, as the fund focuses on oncology and may gain from the expected burst of progress driven by the Cancer Moonshot initiative.
The direct mention of the Tema Oncology ETF (CANC) in the context of benefiting from the Cancer Moonshot initiative suggests a positive impact on the ETF's performance. The fund's focus on oncology and the expected innovations in cancer treatment due to the new funding could attract investor interest and potentially increase the fund's assets under management. The ETF's recent launch and current performance, up more than 6% over the trailing month, indicate a positive trend that could be bolstered by the initiative.
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