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After a grim recessionary start, Volcker's August pivot ignited a new bull market and October's FDA approval of Humulin, the first gene-spliced drug, turned healthcare sharply positive, validating my biotech bets.
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The FDA has approved Humulin, the first genetically engineered human insulin developed by Eli Lilly, Genentech, and City of Hope, marking a milestone in biotechnology. The synthetic insulin, produced using recombinant DNA technology, offers a safer, scalable alternative to animal-derived insulins with reduced risk of allergic reactions. This approval paves the way for expanded biotech drug development and could shift market preference toward human-identical insulin therapies.