Life Technologies (NASDAQ: LIFE ) , a giant in the gene sequencing space, had a healthy start to 2013. This stock popped in January on speculation that the company was exploring the possibility of a buyout. Today, however, shares of Life Technologies ended the day down a massive 8.25%.
What event caused today's drop? Does it have something to do with the company's potential suitor, Thermo Fisher (NYSE: TMO ) . Health-care analyst Max Macaluso dives into the news in the following video.
While you can certainly make huge gains in biotech and pharmaceuticals, the best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.