North America Equity Research 20 July 2026 J P M O R G A N US Biotechnology Biotechnology - Large Cap Weekly Fund Flows Update We are monitoring fund flows in an attempt to better understand the breadth of interest in the biotech sector. Our analysis includes an evaluation of both short- and long-term trends as well as overall fund flows in healthcare and other sectors. Data below are as of Friday, July 17, 2026. Jessica Fye AC (1-212) 622-4165 jessica.m.fye@jpmorgan.com Silvia Luo (1-212) 622-0000 silvia.l ...