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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
My blog:
raygent.com
  • Bit Of A Blah Risk-Off Day- Except Regeneron (REGN) Up 14% 0 comments
    May 1, 2013 12:58 PM | about stocks: REGN

    Regeneron (NASDAQ:REGN) Up 30 Points On Allergan Delays For Vision Loss Drug

    As news came out from an Allergan (AGN $98.5) off 12%, conference call that their vision loss drug would be delayed, Regeneron shares soared 14%. Regeneron now has a market cap of $24B with a PE of 35.85 and a Price to Sales in the 16 range. 2013 Revenues are estimated at $1.9B.

    Regeneron was added to the Rayno Life Science Portfolio in March of 2009 at a Price of $17.50 and is the single biggest winner.

    In other action today many of our Life Science stocks were in the red with significant profit taking in: AMRI, ASTX, IMGN, PCYC, and SGEN. There appears to be significant distribution of stock today noting that many high flyers are down.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: REGN
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