Another Stealth Rally In Biopharmaceuticals: AMGN IBB REGN VPHM

Rayno Life Science Stocks Move Higher

Biotech stocks are ignoring the volatility from the political fray today with big moves in many Rayno Life Science stocks and a 1.5% move in the bellwether ETF (IBB).The tech heavy QQQ lagged up only 0.7%. Overall, despite the negative comments on the fiscal cliff negotiations the market believes a deal can be made by year end.

Unusual moves were in Regeneron (REGN $186) up 6.5% and Medivation (MDVN $51.96) up 4.5%.

Regeneron is the biggest winner in the Rayno Life Science Portfolio up 236% YTD. Other Rayno movers today are:

Albany Molecular (AMRI) up 2%, Amgen (AMGN) up 1.88%, Astex (ASTX) up 3.29%, ImmunoGen (IMGN)  up 1.9%, and ViroPharma (VPHM) up 3.3%.

Even the DX and Tools sector has gone green like Illumina (ILMN) up 2.11% and Response Genetics (RGDX) up 17%.


No comments yet.

Leave a Reply