Medical Science News Ramping Up for ASCO
A bull market in life science stocks has revved up news for the upcoming ASCO Meeting on June 3 in Chicago. We will provide limited coverage of stocks to watch and scientific articles of interest. However it is clear that many PR shops and newsletters are busy preparing investors with lists of...
Personalized Healthcare Gets a Boost from Nestle/Prometheus Deal
The Life Science market consolidation trend continued today as Nestle SA acquires privately held Prometheus Laboratories, Inc. of San Diego,CA for about $567M according to a Bloomberg story although the price was not disclosed. Other stories put the price closer to $1B.Prometheus was...
The Red Screen is the Winner Today But Cubist (CBST) Is Up On Buyout Rumors
It was a nasty day from the beginning but losses abated as the day wore on. The NASDAQ was off 1.68%, the Dow down 1.05% and the S&P down 1.15% to 1317. The S&P held trend lines in the 1312-1315 range. Biotech ETF's were also losers IBB off 1.5%, FBT off 1.6% and XBI off 1.09%. Our mid...
ASCO June 3-7 Chicago: Rally Today
The pre-ASCO hype has already begun but many biopharma stocks have already run up 15%+ YTD. So it is time to be cautious as there may be an "ASCO Effect"- a sell on the news effect. Despite a weak tape in the major indices the life science sector has a lot of green. Today there were some good...
Rayno Life Science Portfolio Winners Today: ABAX,CBST,CSII,NEOG
M&A Premium Rocks On In a flat life science market eclipsed by the LinkedIn (LNKD) IPO and its day trading frenzy, many life science stocks in the Rayno Life Science Portfolio logged decent gains. As reported earlier today GenProbe(GPRO) sold off down 4.37% but it was up 8% yesterday. After...