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This week biotech stocks pulled back - which is a typical cycle for the sector around this time of year. From March 20 through March 26, the Nasdaq biotech index dipped 7%. The S&P biotech index dropped almost 11%. Nasdaq stocks fell 3.2% on the week after a hot start to 2015 where the index was up 6.1% and eclipsed the 5,000 mark for the first time since 2000.