Healthcare Stocks up-Market absorbs Reform
Healthcare and biotech stocks were up today as expected following passage of the historic reform bill. Although there is a considerable amount of work to be done in enabling the historic legislation, uncertainty has been removed and the market can play it out. Many analysts and economists...
2010 Life Science Portfolio-Look at Immucor (BLUD)
We are currently rebalancing our 2010 Life Science Portfolio (See under "Articles" at top of WEB site). We are updating our Diagnostics and Genomics Model Portfolio as follows: Our winners for a 14 month period YTD are Abaxis (ABAX),Hologic (HOLX), Illumina(ILMN) and Inverness(IMA). All remain...
Sequenom (SQNM) Catching Bids at $5.75
Sequenom is finding price support today at $5.75, volume of 4.6M at 1p, after a severe three day downdraft triggered by their earnings release. Net loss for Q4 was $18.4M on Revenues of $10.8M. Cash position is $42M. Some pundits didn't like the inability of the Company to give a detailed...
What’s Next for Helicos(HLCS)?
Helicos made a timely entrance in the race for genetic analysis systems with their HeliScope "true single molecule sequencer" (tSMS), "the first DNA microscope". The technology was positioned as an alternative to DNA amplification, requiring less starting material while eliminating biases,...
Intermune(ITMN) up 60% on Panel Go-Ahead
The FDA Panel of lung experts voted 9-3 in favor of approval of Intermune's drug perfenidone for idiopathic pulmonary fibrosis. The stock was 15 at the end of February(see raygent.com last week) and reached 37 after hours tonite.. The IBB (biotech ETF) should exceed a Five Year high tomorrow...