Life Science Market Update: Risk Off, Raise Cash
Biotechnology Sector Outperforming Within NASDAQ A torrid run-up of over 10% in biotech stocks over the past 3 weeks brings caution to mind as the NASDAQ sell-off hits 1%. Over the past 5 days the NASDAQ sell-off is 2% while biotech indices are only down 1%, nonetheless exuberance may be muted...
Rayno Life Science Portfolio: Exelixis Up 10% Pre-Market On Takeover Talk
Exelixis (EXEL $12.17) has hired Goldman-Sachs to deal with potential takeover bids according to stories in Reuters and Bloomberg. Exelixis has a Phase III cancer drug XL184 (cabozantinab) and announced positive Phase 2 interim data for prostate cancer on Feb. 17. Piper Jaffray also reiterated...
Rayno Life Science Portfolio: Biogen (BIIB) up 6.6 % on Positive MS Data
Biogen (BIIB $78.24) soared today on positive top line data on the Phase 3 Trial for oral BG-12 (dimethyl fumarate) as a montherapy in people with relapsing-remitting multiple sclerosis (RRMS). Results showed that 240 mg of BG-12 2x or 3x a day met the primary and secondary endpoints, providing...
Rayno Life Science Portfolios:Illumina (ILMN) and Seattle Genetics(SGEN)
Reviewing Today's Action A mixed market today with a slight edge to the bulls. Immunogen(IMGN $12.28) up 4% continues its run from yesterday on positive data from its collboration with Roche on T-DM1 (trastuzumab) an antibody coupled with a cell killing agent (chemotherapy) from Immunogen...
ThermoFisher (TMO) : Growth or Value?
Is there anybody who does not like ThermoFisher (TMO)stock? Thermofisher (TMO) has more fans than U2, Lady GaGa and Rihanna combined. Why is that? We are trying to find out.TMO is a life science tools conglomerate with revenues of $10.8B and Net Income of $1.036B for 2010. They are financial...