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Rod Raynovich
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Rod Raynovich is an entrepreneur and executive with a focus on life science companies and medical technology trends.He has over 30 years executive experience including Abbott and JNJ and has been involved three successful start-ups. He has a B.S, from Penn State University and an MBA from... More
My company:
Raygent Capital
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  • Rayno Life Science Mid-Day Movers: AMRI, ASTX, CPHD, ILMN, REGN 0 comments
    Nov 20, 2012 2:24 PM

    Markets Are Back To Fretting About Fiscal Cliff

    Bernanke scolded Congress on the fiscal cliff and markets turned down. Despite a lackluster market down about 0.3% there is a lot of green in biotech. Among the winners in the Rayno Life Science universe are:

    Albany Molecular (AMRI $4.21) broke through to new highs up 43% YTD. Recent Q3 Results showed revenue up, positive cash flow and improved guidance.

    Astex Pharmaceuticals (ASTX $2.47) rose over 10% on Phase 1/2 results of their MDS drug SG-110 novel hypomethylating drug. Results will be presented at the ASH on Dec 10.

    Cepheid (CPHD $31.67) was up over 5% on volume over 600k on no particular news but recent upgrades and conference presentations.The stock hit a 2012 low of $28.12 last week.

    Illumina (ILMN $50.3) hovered above $50 after recent news that it was bidding for Complete Genomics (GNOM) for $113M in cash.

    Regeneron (REGN $174) rocked on up 8.7% (118% YTD) and a 52 week high and encouraging news from the European Regulatory authority CHMP with potential approval of Zaltrap for combination therapy of colon cancer.

    Also up among our portfolio winners is Biogen -Idec (NASDAQ:BIIB) and the iShares NASDAQ ETF IBB back now to $135 after correcting to the $127 level recently.

    Disclosure: I am long AMRI, ASTX, CPHD, ILMN.

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