10 of those are in clinical trial stages including a vaccine for the Zika virus and a drug to treat cancer. Massachusetts - based biotech Modena 's shares fell by up to 6 % on their opening day of trading , despite a record - breaking $ 500 m initial public offering giving it a value of $ 7.32bn . The market has been made jittery by fears of a US economic slowdown amid renewed political tensions . However , analysts are confident GE 's deep pipeline will allow it to shrug off the negative effects . The company is developing treatments based on small molecules .
Massachusetts - based biotech Modena 's shares fell by up to 6 % on their opening day of trading , despite a record - breaking $ 500 m initial public offering giving it a value of $ 7.32bn . The market has been made jittery by fears of a US economic slowdown amid renewed political tensions . However , analysts are confident GE 's deep pipeline will allow it to shrug off the negative effects . The company is developing treatments based on small molecules .