AACC Meeting: Buzz Coming to Fuel the Rally In Diagnostic Stocks

The July 25-29 go site AACC (American Association of Clinical Chemistry) Meeting in Anaheim will have close to 20,000 clinical lab professionals and over 500 exhibitors . A stock rally in the sector was ignited last week by earnings announcements from four major mid-cap players and new product and technology news should help support the rally.As of mid am trading on Monday JY 26 many diagnostic stocks are up 2% with the S&P up 0.9%.

Here is a financial summary  from last week’s earnings announcements:

7/26/10 2010
Company Symbol P $ Q2 Rev $ Q2 EPS PEG P/S Sh.Equity $
Cepheid CPHD 16.5 49.6 -0.03 n/a 4.8 137
Immucor BLUD 19.3 82.9 0.3 1.27 3.87 439
Meridian VIVO 19.5 33.9 0.16 1.72 5.4 139
Neogen NEOG 28.3 39 0.2 1.66 3.8 153

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One year stock performance of selected Dx cos.vs NASDAQ (QQQQ).

Chart forPowerShares QQQ (QQQQ)

Among the topics that will be covered in Plenary Sessions are: Biomarkers for Alzheimer Disease, the Changing Healthcare Landscape, Stem Cells, Inflammation and Cardiovascular Disease and Systems Medicine (P4).There are several symposia such as Personalized Medicine and Immunosuppression in Solid Organ Transplantation. Laboratory medicine topics are very broad  including diabetes, endocrinogy testing, pharmacogenomics,lipid management and sepsis diagnosis.

Here is news on the consolidation in the biomarker and diagnostics area:

Axela Takes Over Xceed for Ziplex Automated Gene Expression Analysis Platform

Conference Program

Our focus for the Meeting will be companies in the Rayno “Tools and Diagnostics” Portfolio as well as hot topics in laboratory medicine. Some players exhibiting in our universe in addition to those four above are: http://adbands.com/information/quality-statement/2-uncategorised?format=feed Abaxis (ABAX), Alera (ALA), GenProbe (GPRO), Luminex (LMNX), Quidel (QDEL), SeraCare (SRLS) and ThermoFisher (TMO) .

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