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The biotech sector saw a disappointing start to December with the iShares Biotechnology ETF and State Street SPDR S&P Biotech ETF falling by 2.14% and 2.69%, respectively. Despite this, three mid-cap biotech companies are potential buyout targets in 2026: Exelixis, BioCryst Pharmaceuticals, and Kymera Therapeutics. These companies have strong growth prospects and a solid financial position, making them attractive acquisition candidates.

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