Seeking Alpha

Rod Raynovich's  Instablog

Rod Raynovich
Send Message
Rod Raynovich is an entrepreneur and executive with a focus on life science companies and medical technology trends.He has over 35 years executive experience including Abbott and JNJ and has been involved three successful start-ups. Before starting Raygent and other companies he was also a... More
My company:
Raygent Capital
My blog:
Raygent.com,Rayno Life Science
  • Rayno DX And Tools Movers: EXAS, RGDX, SQNM 0 comments
    Jan 9, 2014 12:13 PM | about stocks: EXAS, RGDX, SQNM

    Two Rayno Laggards Up On Good Volume: RGDX, SQNM

    The only two losers among our portfolio picks in 2013 are up today. Response Genetics (RGDX $1.32) is up 2.56% on a volume of almost 500k shares with no apparent news. The Company raised $4.8M in December at $1.20 share so that could account for the recent weakness. Moreover the Company had lackluster sales of $4.1M in Q3 down from $5.3M in Q2. The stock is quite volatile with a high of $2.40 in 2013. The Company sells LDT genetic (pharmacogenomic) tests to predict tumor response to various cancers. The stock should respond to any improving sales trend.

    Sequenom (SQNM $2.6) is up 6% on news that a European Patent (EPO) was issued for detecting fetal aneuploidy. There have been issues with the U.S. patent for its Materni T21 Plus test so the European patent is quite important for the Company. Q3 Revenues were $44M. The stock was in the $4.50 range last summer.

    Exact Sciences (EXAS $13.76) is up 1.85% close to its 52 week high in anticipation of FDA approval of its molecular test, non-invasive test for colon cancer. An FDA advisory meeting is scheduled for March 26. The Company will present next week at the J.P.Morgan Healthcare Conference.

    Disclosure: I am long RGDX, SQNM, .

    Stocks: EXAS, RGDX, SQNM
Back To Rod Raynovich's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.