GE Buys Oncology Diagnostic Co. Clarient (CLRT)-Update- Dx Movers
GE announced the purchase of Clarient (CLRT) for $5/share or $580M, a 34% premium over Clarient's previous closing price. Revenues forecasted for 2011 and 2012 are at $114M and $136M respectively, pricing the deal at a Price to Sales of 4.25 to 5X. Revenues for Q1 were $26.6M with a loss of...
Rayno Life Science Portfolio Big Movers: Gilead (GILD),Supergen (SUPG)
Risk is on today due to a weak dollar and that is usually good for Life Science stocks.MidCap biotechs are mainly green despite bad news from Amylin (AMLN) $11.35 down 44%, and partner Alkermes (ALKS) $10.91 down 24.75% a setback on their long- acting drug for diabetes called Bydureon which...
Rayno Life Science Portfolio Notes- Q3 Earnings in Two weeks
The Rayno Life Science Portfolio is up 20% and later this month we will see important earnings reports from tools and diagnostics companies. Life Science stocks are outperforming the NASDAQ and S&P in 2010. Exact Sciences(EXAS) $8.89 was a high flier for Q3 with the stock tripling from the...
IMMUCOR(BLUD) Cuts Guidance,Economy and Blood Demand Cited-Update 1
Stock is down over 18% at 3p near $16.5 on 7M shares A "Pure Play "Immunohematology Diagnostic Company Immucor announced Fiscal Q1 2011 results yesterday with a revenue shortfall of (9%) on traditional reagents $49.621M vs $54.719M in Fiscal 2010. Total Consolidated Revenues were $83.6M, 1%...
Rayno Life Science Portfolio: Update Tools and Dx
2010 Original Price % Ret. P Price % Recomm 3/29/10 Q2 12/1/10 Ret. Abaxis ABAX 2/2/09 15 79 21.2 27.86 85 CardioV.Sys. CSII 11/5/10 7.15 8.65 21 Celera CRA 3/28/10 7 6.49 5.66 -19 GenProbe GPRO 2/2/09 45 7 46.3 52.77 17 Illumina ILMN 2/2/09 29 35 43.1 61.79 113 Immucor BLUD 4/5/10 20 18.6...