BB Biotech Refines Strategy Amid Sharp Q1 Losses and Market Volatility BB Biotech reported a first-quarter net loss of CHF 241 million, reversing a CHF 260 million profit from last year, as its net asset value dropped over 10%. The company sharpened its portfolio, adding Akero Therapeutics and exiting several positions, reflecting a more focused approach amid ongoing biotech market turbulence.12