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Biotech Investors bail out after Gilead's drug pricing fight

2014-12-24 00:59:28| Biotech - Topix.net

The biotechnology sector is having its worst day since April as investors fear health insurers and companies that manage patient's drug benefits will put new pressure on how much the industry can charge for breakthrough treatments. The selloff, prompted by Express Scripts Holding's announcement Monday that it would block its U.S. patients from getting Gilead Sciences's $1,100-a-pill hepatitis C medicine, sent the Nasdaq Biotechnology Index down 4.6 percent, the biggest one-day drop since April.

Tags: drug fight pricing investors

 

Navidea Pharmaceuticals: An Update On My $2 Biotech Lottery Ticket

2014-12-23 18:45:28| Biotech - Topix.net

It seems time for an investment update on small biotech Navidea Pharmaceuticals given the stock's recent rally and positive developments at the company. Navidea is expanding the geographical footprint of its main product Lymposeek and has made the decision to pursue therapeutic opportunities.

Tags: update ticket biotech lottery

 
 

Gilead: What's Ahead In 2015 For This Biotech Juggernaut

2014-12-21 00:05:58| Biotech - Topix.net

Biotech juggernaut Gilead Sciences has provided its shareholders with better than a 30% gain in 2014 so far as we head into the end of the year. Although the stock has spent the last three months consolidating those gains in a relatively narrow trading range, the direction for 2015 remains up.

Tags: ahead biotech juggernaut gilead

 

Houston biotech company raises $140M in upsized IPO

2014-12-19 14:41:04| Biotech - Topix.net

Bellicum Pharmaceuticals Inc. raised $139.65 million when it priced its upsized initial public offering at $19 per share on Dec. 18. Bellicum, a Houston-based biotechnology company focused on developing cell therapies to treat and prevent cancer, offered 7.35 million shares of its common stock. That's up 1.1 million shares from what it had initially planned, according to the company .

Tags: company houston ipo raises

 

China gives thumbs up to Syngenta's biotech corn

2014-12-19 07:06:48| Food - Topix.net

China has approved the import of biotech corn manufactured by Syngenta AG that sparked a flurry of recent lawsuits by Minnetonka -based Cargill Inc. and farmers across the country. China refused to accept shipments of the corn from Cargill in late 2013, prompting shippers, farmers and others in the corn industry to sue Syngenta for losses caused by promoting and selling the corn in the marketplace too early - before China, a major importer, had approved it.

Tags: china corn biotech thumbs

 

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