The healthcare budget has not been prioritized seriously by many governments. The majority of them have been spending billions on the military due to security measures after the 9/11 attack. Right now the coronavirus becomes a significant signal for investors and governments to pay attention to healthcare and biotechnology in order to be ready for future virus breakouts that likely might happen. Moreover, semiconductor-based companies could get popular too as many governments want to increase their surveillance activities on people because of the infectious nature of the viruses. But that is another story.
So, XBiotech shares have kept showing positive change since March 16. After a steep decline from $24.30 to $9.44, some investors must have seen the opportunity in pouring funds into the biotech field. Currently, scientists are in a hurry to create an effective vaccine for stopping the virus. However, it has been taking months since the Wuhan outbreak.