Rodman&Renshaw Notes Part 2: Adeon(AEN)and Exact Sciences(EXAS)
Continuing from Part 1 here are some specific comments on interesting companies. Adeona Pharmaceuticals (AEN) Amex ($0.83) Market Cap $19M, $25M Sh. Outstanding Adeona is a development stage drug Company focused in CNS that in -licenses clinical stage product candidates that are ready to be...
Notes from the Rodman&Renshaw Global Investment Conference-Part1
We attended the R&R Conference in NYC this week and here is a brief summary: Over 5000 people were registered with hundreds of companies presenting in healthcare, metals and mining,energy and China. Chinese companies were a significant presence for the first time this year.A major report...
Stem Cell Debate and the Courts
Francis Collins,the NIH and the Federal District Court for the District of Colombia (Judge Royce C. Lamberth). Francis Collins, evangelicals, and stem cells : The New Yorker Court Ends Ban on U.S. Stem Cell Financing, for Now - NYTimes.com Court of Appeal Stay Drives Stem Cell Stocks | Scimitar...
ZymoGenetics (ZGEN) Buyout Boosts Biotech Stocks
Zymogenetics (ZGEN) stock soared 84% today on the $9.75 ($885M)buyout offer from Bristol-Myers Squibb (BMY). Bristol was also up 1% even though the acquisition is dilutive to 2011 earnings. Bristol was seeking the the ZGEN Hepatitis C drug PEG-Interferon lamda which is in Phase 2 studies and...
Biotech Rides the September 1 Rally with a 2.5% Move Up
Biotech stocks perked up today emboldened by a new month and ISM data including some positive growth from China's manufacturing sector. Apple headlines with the iPOD and Apple TV helped catalyze the NASDAQ move. Biotech went along for the ride with most ETF's up 2%+ and our Mid-Cap Biotech...