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Top Healthcare Stocks Losers today were ILMN, SVA, EXEL : by Penny Stock Pick Alert

Penny Stock Pick Alert reports that Illumina, Sinovac Biotech Ltd. and Exelixis today were Top Healthcare Stocks Losers.

 



(EMAILWIRE.COM, November 19, 2009 ) Dallas, TX - Illumina, Inc. (NASDAQ:ILMN) plunged 6.65% to $29.18. The stock hit an intraday high and an intraday low of $31.19 and $28.14 respectively. In the last six months the stock went down over 20%. Illumina, Inc. is a developer, manufacturer and marketer of integrated systems for the large-scale analysis of genetic variation and biological function. The Company provides a comprehensive line of products and services that serve the sequencing, genotyping and gene expression markets.

Sinovac Biotech Ltd. (NASDAQ:SVA) plunged 6.55% to $7.70 after the company announced that it has filed a shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission. If and when the shelf registration statement on Form F-3 is declared effective by the SEC, Sinovac may from time to time offer and sell up to 10 million common shares. The use of the net proceeds from the sale of the common shares will be set forth in the applicable prospectus supplement filed each time common shares are sold.

Exelixis, Inc. (NASDAQ:EXEL) decreased 10.27% to $6.90 after Merriman gave the Biotechnology industry some bad news as it announced that the company was downgraded from Buy to Neutral. Exelixis, Inc. is developing therapies for cancer and other serious diseases. Through its drug discovery and development activities, the Company is building a portfolio of novel compounds.

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