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A Sign Of Things To Come? Traders Are Betting On More Biotech Mergers
Thursday, August 31, 2017 - 4:37pm | 721Read More...Even with modest August losses for the S&P 500 and the broader healthcare sector, biotechnology stocks and exchange traded funds (ETFs) are surging. The S&P Biotechnology Select Industry Index is up more than 3 percent this month and has been ripping higher in recent days. ...
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Small Biotechs Could Hurt From Scarcity Of Cancer Trial Participants
Wednesday, August 16, 2017 - 8:36am | 527Read More...It turns out you can have too much of a good thing. The 1,000-plus immunotherapy trials and competition to develop proprietary versions of virtually the same drugs may prove inhibitory to cancer research, according to the New York Times. The conditions leave clinical researchers competing for the...
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FDA's 60-Day Extension For Medical Device Defects Not Likely Obstructive To Public Health
Friday, July 14, 2017 - 8:26am | 799Read More...Under a new deal between the U.S. Food and Drug Administration and the medtech device industry, manufacturers would be required to report device defects within three months of detecting their potential threat of injury ━ a tripling of the current 30-day reporting period. Events requiring recall or...
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Following Extended Consolidation Period, Biotech ETF's Next Breakout Could Be Big
Friday, June 16, 2017 - 9:57am | 371Read More...After some huge swings in the past three years, the iShares NASDAQ Biotechnology Index (ETF) (NASDAQ: IBB) has been relatively quiet for the past few months, trading mostly sideways within a very narrow range. The extended consolidation period may mean the IBB’s next breakout will be a big...
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Biotech Stocks Convalescing After Wednesday's Trump-Inspired Biotech Selloff
Thursday, December 8, 2016 - 10:53am | 576Read More...Biotech stocks are seeking to regain some semblance of normalcy after Wednesday's Trump-inspired selloff. Much against market perceptions of a biotech-friendly President-elect Donald Trump stance, he hit out at the sector, with a vague message that suggested he is going to clamp down on drug...
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Assessing The Legitimacy Of The Biotech ETF Bounce
Friday, November 18, 2016 - 12:56pm | 501Read More...Putting personal politics aside for a moment, it is not unreasonable to assume that investors who were long biotechnology stocks and exchange-traded funds into Election Day are happy with the outcome. Leading up to Election Day, Democratic nominee Hillary Clinton and her harsh rhetoric against high...
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The Next Sector Rotation Will Be To Biotechs
Tuesday, May 3, 2016 - 12:17pm | 340Read More...A sector rotation is common, particularly in times of market volatility. However, picking the timing and the right sector is always a concern for investors. "There's always money coming out of something, going into something else," Joel Elconin, co-host of Benzinga's PreMarket Prep, said during...
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Valeant Gets Closer To Left's $50 Target After New Accounting Fears
Monday, February 22, 2016 - 9:59pm | 379Read More...Valeant Pharmaceuticals Intl Inc. (NYSE: VRX) shares plunged nearly 9 percent in Monday's after-hours trading session following word the company may have to restate financial results, before recovering slightly. The potential restatement, according to sources, would come on the heels of a...
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This Week Is Paramount For Biotech Stocks
Monday, January 11, 2016 - 2:10pm | 415Read More...The Biotechnology sector has been wracked with uncertainty over the past year as market turmoil has weighed on the industry as a whole. Many investors have become skeptical of the industry's future and whether or not it can continue to produce gains of around 7 percent as it has done over the...
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12 Biotechs With Binary Events Coming This Year
Friday, January 8, 2016 - 1:13pm | 400Read More...RBC Capital analyst Adnan Butt recently named 12 biotech stocks with major binary events expected in 2016. Here’s a breakdown of the full list. Aerie Pharmaceuticals Inc (NASDAQ: AERI): Phase 3 data for Rhopressa and Roclatan Aptose Biosciences Inc (NASDAQ: APTO): Phase 1 data for...
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Not All Of Clinton's Policies Are Bad For Pharmaceuticals
Wednesday, December 23, 2015 - 3:13pm | 433Read More...Earlier this year pharmaceutical firms began to worry about the upcoming 2016 elections after Presidential hopeful Hillary Clinton announced plans to regulate drug pricing further to ensure that healthcare costs don't skyrocket. While that proposal was well received by consumers, drug...
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KaloBios, The Aftermath: Trader Starts GoFundMe To Pay Back $106,000 Balance
Thursday, November 19, 2015 - 9:13am | 482Read More...Shares of KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) surged more than 1,000 percent early Thursday morning. KaloBios announced that a group of investors (led by notable biotech investor Martin Shkreli) have acquired 50 percent of the outstanding shares. A trader in Arizona named Joe...
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Eli Lilly Discontinues Evacetrapib; Investors Move Bets To Alternatives
Monday, October 12, 2015 - 9:56am | 342Read More...Eli Lilly and Co (NYSE: LLY) shares are plunging nearly 8.0 percent in early trading on Monday after the company announced that it is discontinuing development of cardiovascular disease treatment drug evacetrapib because of disappointing efficacy. Here’s a look at what shareholders can...
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Biotechs Coming Off One Of The Busiest Weeks In Recent Memory
Monday, September 14, 2015 - 1:44pm | 683Read More...JMP analysts said in a note on Monday that last week's biotech sector was "one of the busiest we can recall in quite some time." The biotech sector is "as, or more attractive" than it was in April. The sector remains "reasonable" on a PE and PEG basis. In a report published Monday, JMP Securities...
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4 REITs BMO Capital Is Excited About
Thursday, September 10, 2015 - 2:33pm | 849Read More...REITs can offer investors exposure to iconic assets, organic growth prospects and diversified assets. BMO Capital Markets initiated coverage of four unique REITs with Outperform ratings. All four stocks offer potential returns of 24 to 31 percent. In separate reports published Wednesday,...















