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%.

 

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