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Market Vectors Biotech ETF

5/23/2013, 4:07 PM ET

Quote & Headlines Market Currents StockTalk

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Thursday, May 16, 1:49 PM Biotech names are weak today on the back of several ASCO data presentation releases: REGN -2.3%, ALXN -4.2%, VRTX -2.3%, CELG -4.5%, ARRY -2.2%, AMGN -1.4%. 1 Comment [Healthcare, On the Move]
Thursday, March 28, 4:24 PM Biotech ETFs close at or near all-time highs as heavyweights Amgen (AMGN +2.4%), Biogen (BIIB +5.2%), Celgene (CELG +2.4%) and Gilead Sciences (GILD +2.5%) make new 52-week highs going into the holiday weekend. 1 Comment [Healthcare]
Monday, May 14, 2012, 11:45 AM Biotech ETFs are near all-time highs despite overall market weakness, due to successful trials - e.g. for Vertex's (VRTX) cystic fibrosis treatment - and because some investors are betting on deals occurring. One ETF that is doing particularly well this year is iShares Nasdaq Biotech (IBB). Others include XBI, FBT and BBH. 6 Comments [Healthcare]
Monday, March 12, 2012, 12:07 PM Shares of Anthera Pharmaceuticals (ANTH -52.1%) can't stop the freefall that was triggered by Friday's announcement that it's canceling its late-stage trial of its experimental treatment for heart disease. Adam Feuerstein eyes the recent carnage with a number of biotech names to conclude that "fail" is now re-entering the lexicon of investors in the sector. Comment! [On the Move, Healthcare, Quick Ideas]
Wednesday, September 7, 2011, 11:36 AM The biotech industry looks ripe for more gains after posting a second consecutive year of profits and seeing M&A activity heat up, says Karvy Global Services. Crunching the numbers reveals 8 stocks with implied upside potential based on quarterly results and analyst recommendations. Picks: HITK, CELG, DNDN, WX, TEVA, ILMN, CRL, BIIB. Comment! [Quick Ideas]
Thursday, August 4, 2011, 4:05 PM Dendreon (DNDN -67.4%) takes down an entire industry, with the Amex Biotech index falling an astonishing 10.4%. "Biotech risk takers burned on this one might be less risk tolerant going forward," one analyst explains. "The biotech group does work like that, especially for product failures." IBB -7.9%. XBI -9.8%. Comment! [Healthcare, On the Move, Top Stories]
Monday, June 27, 2011, 11:28 AM Biofuels developer Verenium (VRNM +8%) announces it has entered into a collaboration with Novus International to develop new enzymes for the animal health and nutrition markets. Comment! [Energy, Healthcare, On the Move]
Monday, June 27, 2011, 11:11 AM XOMA soars 33% after announcing the discovery of two new classes of fully human monoclonal antibodies at the American Diabetes Association 71st Scientific Sessions in San Diego. Comment! [Healthcare, On the Move]
Thursday, June 23, 2011, 4:17 PM Repligen's (RGEN +5%) jumps after its spinal muscular atrophy drug gets a fast-track designation from the FDA, and a postive opinion for orphan status from the European Medicines Agency. Comment! [Healthcare]
Wednesday, June 22, 2011, 9:52 AM Achillion Pharmaceuticals (ACHN +11.5%) jumps after pricing its secondary offering at $5.90, a 1.8% discount to yesterday's close. The company plans to use the $52M it raised to bring its new line of hepatitis-c drugs to market. Comment! [Healthcare, On the Move]
Monday, June 20, 2011, 4:20 PM Biogen-IDEC (BIIB +4.1%) closes at the top of the S&P leader board after ISI Group ups it to Buy, citing a strong pipeline, and noting its new BG-12 multiple-sclerosis pill can double earnings over the next three to four years. Comment! [Healthcare, On the Move]
Friday, June 17, 2011, 8:51 AM Vivus (VVUS) reports positive results for phase III testing of its erectile dysfunction drug Avanafil. The study is the last in a series to evaluate the drug's safety and efficacy in treating ED in patients who have undergone a radical prostatectomy. Shares +4% premarket. Comment! [Healthcare, On the Move]
Monday, March 7, 2011, 7:43 AM Sanofi (SNY) extends its offer for the outstanding shares of Genzyme (GENZ) to April 1 from March 16. Meanwhile, other biotech firms focused on rare diseases say the Sanofi-Genzyme deal puts many peers into play as takeover targets. Comment!
Saturday, October 30, 2010, 4:58 PM In a major policy reversal, the DoJ filed an amicus brief late yesterday saying human DNA and other genes shouldn't be eligible for patents. It's unclear whether the Patent Office will adopt the position, which could potentially force some biotech firms to change the way they develop drugs.
Comment!
Monday, February 22, 2010, 3:14 PM Sector ETF strength: Regional Banks– RKH +2.3%. Commercial Banks– KBE +2.3%. Financials– XLF +1.5%. Coal– KOL +1%. Transports– IYT +1%.
Sector ETF weakness: Solar– KWT -1.6%. Biotech– BBH -1.2%. Energy– XLE -1.1%. Agriculture– DBA -0.9%. Comment!
Monday, February 22, 2010, 10:10 AM Sector ETF strength: Regional Banks– RKH +1.3%. Commercial Banks– KBE +1.3%. Heating Oil– UHN +1.1%.
Sector ETF weakness: Solar– KWT -1.8%. Solar– TAN -1.4%. Base Metals– DBB -1%. Biotech– BBH -1%. Comment!