J.P. Morgan Healthcare Conference This Week: ARIA

We will publish updates this week from the Conference. As of 3:45p EST the biotech sector is rallying. The IBB is up 1.6% and the XBI is up 3.5%. Biotech stocks were helped by the buyout of Ariad Pharmaceuticals (ARIA) by Takeda Pharmaceuticals in a deal worth $5.2B. ARIA stock was up 72.8%.

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Wet and Wild AR Storms Hit the West Coast: LaNina Madness

AR Storms Deliver Record Precipitation-The “Pineapple Express” By now you know it seems like the coldest wettest and coldest winter on the West Coast and the next week will bring even bigger “atmospheric river” storms. Here is an update as well as weather resources: First AR storm dumping 3.5 to 7ft at Mammoth Mountain, 145 […]

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Biotech Blahs: Out of Favor But Great For Stock Pickers…Update-2

Update-2…1/6/17– Three Day Biotech Rally…12N EST NASDAQ at New Highs 5532 XBI is up 5 points since last Friday’s close to $63.45;The IBB is up 16 points to $280. Investors are betting on a turnaround in healthcare with positive news from the JPMorgan Healthcare Conference next Monday. Despite extremely negative sentiment on the sector, demand for […]

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Life Science Sector Review: Diagnostics and Tools Update

Life Science Sector: What’s Going On With Dx and Tools Stocks? We dropped coverage of Life Science diagnostics and tools stocks in January 2016 just after the severe market correction began. Of course the downdraft opened up great values in several stocks.We have reviewed selected stocks in the sector with the idea that more opportunities […]

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Biotechs Fade Again In Late Day Sell-Off

Biotechs Fade After Promising Start-Smaller Cap Winners Biotech stocks got a jump-start this morning peaked quickly then abruptly sold off at about 2p. The IBB ended down 1.33% to 268.79 off recent five-day highs of $274 and considerably off post-election highs of $293. The XBI tells  a similar story ending down 1.5% for the day […]

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Biotechs Mixed Hurt by Alexion (ALXN) and Ophthotech (OPHT)…Update-1

Update-1 2:30P EST… Improved Tone in Selective Biotech Stocks Maybe it’s bottom fishing or the end of tax selling but today we can see buyers coming in for large cap biotechs. However the backdrop is still cautious because of drug pricing rhetoric and a sector shift to industrials, energy and financials. But today could be […]

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Biotechs Unhinged by Tough Pricing Talk

Biotechs Unhinged-Roiled by Commentary and Tweet storms Biotech stocks rallied briefly early in the week but sold off abruptly over the past two days with a quote from Trump in a Time Person of the Year article as saying, “I’m going to bring down drug prices”. This tough talk is reminiscent of comments by both […]

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Market Reversal in Biotech But Healthcare Stocks Are Still Muddled

Market Reversal in Biotech Offers Bullish Set-Up After one of the worst down days in months yesterday biotech stocks broadly reversed today giving a short term “nibble” signal. The macro environment got support from economic data as well with upward Q3 GDP revisions to 3.2% and higher consumer confidence data. The economy now has the […]

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Alert: Alzheimer’s Drug Fails in Clinical Trial-Stocks Sink: ACIU,BIIB,LLY…Update-1

Another clinical trial failure for an Alzheimer’s Disease in a late stage trial triggered a pre-market sell-off.  Both Biogen (BIIB) -aducanumab- and Lilly (LLY)- solanezumab -drugs in development are engineered antibodies that attack beta amyloid targets in the brain. At the close 11/23: ACIU $11.53 down 15.84% BIIB $305.93 down 3.83% LLY $68 down 10.51% […]

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Rayno Biobeat #4: Sector Shift Underway but what’s next for biotech?…Update-1

Update-1 November 28 Another nasty day for biotech A bit of a selloff in the market indices today with the NASDAQ down 0.58% and the S&P down 0.53%. The highly touted Russell 2000 (IWM) was down 1.3% after a 15 day rally. But the real wreck was in biotech with the XBI down 3.09% and […]

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