Aug

Biotech Boom Built Wall Street’s $3 Million Analyst

Investment banks offer lucrative deals to attract and retain top-name biotechnology analysts

A biotech boom is fueling renewed interest in a group that has been out of favor: Wall Street analysts.

Investment banks Leerink Partners LLC, Cantor Fitzgerald & Co. and Jefferies Group LLC have lured top-name biotech analysts from large banks with guaranteed pay packages worth $3 million or more and contracts extending as long as three or four years, say people familiar with the matter…

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Biotech Boom Built Wall Street’s $3 Million Analyst

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