Biotech Stocks Mixed on Tuesday (BIIB, QGEN, XOMA, GENZ)
Biotech Stocks Mixed on Tuesday
(EMAILWIRE.COM, August 11, 2010 ) New York, NY -Biogen Idec Inc. (NASDAQ:BIIB) increased 0.49% to $57.86. The stock has a 52-week low of $41.75.
Biogen Idec Inc. is a global biotechnology company. The products of the Company include AVONEX, RITUXAN, TYSABRI and FUMADERM. The Company’s products address diseases, such as multiple sclerosis (MS), non-Hodgkin’s lymphoma (NHL), rheumatoid arthritis (RA), Crohn’s disease (CD) and psoriasis.
Qiagen NV (NASDAQ:QGEN) lost 4.81% to $18.60. Today, the stock opened at $18.79 and was trading within the range of $18.33-$18.86. Over the past 52-weeks, the stock has been trading in the range of $18.06-$24.
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The company said late on Monday that net income rose 25 percent to $38.5 million in the second quarter, beating the $31.8 million average estimate in a Reuters poll.
XOMA Limited (NASDAQ:XOMA) dropped 5.37% to $0.282. The company reported a narrower net loss for the second quarter, despite lower revenues from the company's contract and other revenue.
The company reported a net loss for the second quarter of $15.58 million or $0.06 per share, compared to a net loss of $10.21 million or $0.07 per share in the year-ago quarter.
Genzyme Corporation (NASDAQ:GENZ) went up 0.55% to $67.83. So far this year, the stock went up more than 36%. Over the past 52-weeks, the stock has traded in the range of $45.39-$70.97.
At current market price, the market capitalization of the stock stood at $18.10 billion.
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Biogen Idec Inc. is a global biotechnology company. The products of the Company include AVONEX, RITUXAN, TYSABRI and FUMADERM. The Company’s products address diseases, such as multiple sclerosis (MS), non-Hodgkin’s lymphoma (NHL), rheumatoid arthritis (RA), Crohn’s disease (CD) and psoriasis.
Qiagen NV (NASDAQ:QGEN) lost 4.81% to $18.60. Today, the stock opened at $18.79 and was trading within the range of $18.33-$18.86. Over the past 52-weeks, the stock has been trading in the range of $18.06-$24.
To get FREE Stock newsletters, please sign up at http://www.otcblaze.com
The company said late on Monday that net income rose 25 percent to $38.5 million in the second quarter, beating the $31.8 million average estimate in a Reuters poll.
XOMA Limited (NASDAQ:XOMA) dropped 5.37% to $0.282. The company reported a narrower net loss for the second quarter, despite lower revenues from the company's contract and other revenue.
The company reported a net loss for the second quarter of $15.58 million or $0.06 per share, compared to a net loss of $10.21 million or $0.07 per share in the year-ago quarter.
Genzyme Corporation (NASDAQ:GENZ) went up 0.55% to $67.83. So far this year, the stock went up more than 36%. Over the past 52-weeks, the stock has traded in the range of $45.39-$70.97.
At current market price, the market capitalization of the stock stood at $18.10 billion.
About http://www.otcblaze.com
Our goal is to make money and help you make money too. We focus on stocks trading on the OTCBB and Pinksheets. We find that the opportunities in these markets to double or triple your investment in weeks, days or even hours is much greater than in other markets. We've seen it, we've done it, and now we want to help you get in on the action too. We do, on occasion, have some picks from the big boards too!!
Disclaimer
The disclaimer is to be read and fully understood before using our site or joining our email list.
PLEASE NOTE: The OTCBlaze.com employees are not Registered as an Investment Advisor in any jurisdiction whatsoever.
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Many times we are compensated to feature companies on our site which causes a conflict
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Tel: 732-229-0668
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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