Morgan Stanley flags emerging opportunity in this sector

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SPDR S&P BIOTECH ETF (NYSE: XBI) Delayed: 151.58 +3.72 (2.52%)
Previous Close $147.86    52 Week High $73.80 
Open $148.03    52 Week Low $44.16 
Day High $151.59    P/E N/A 
Day Low $147.75    EPS $0.00 
Volume 2,395,171