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Biotech Gets a Reality Check

2015-06-15 11:43:39| Biotech - Topix.net

Biotech stocks are up big for the fifth year in a row, IPOs are hot and short sellers are in retreat. Investors, beware.

Tags: check reality biotech

Some fear biotech reaching unsustainable heights

2015-06-15 07:29:07| Biotech - Topix.net

They continue to churn out life-changing drugs while investors shower them with billions of dollars. But as more than 15,000 executives gather for the biotechnology industry's biggest convention, there is growing concern that the boom may be peaking.

Tags: fear heights reaching biotech

a Norwood biotech gets first of three potential orphan drug designations

2015-06-13 17:54:32| Biotech - Topix.net

A 10-employee Norwood biotech has received the first of what it expects will be three orphan drug designations from the Food and Drug Administration for a drug it bought last year from a professor at UMass Medical Center in Worcester. Corbus Pharmaceuticals , which just started trading on the Nasdaq exchange in April, has been known among investors mostly for its plan to develop the drug to treat inflammation associated with cystic fibrosis which could potentially be used in conjunction with the suite of drugs being produced at Boston-based Vertex Pharmaceuticals .

Tags: potential drug biotech designations

Big Biotech Stocks See Declining Short Interest

2015-06-12 17:03:36| Biotech - Topix.net

While short interest moves in most of the leading biotechs and emerging pharmaceuticals were mild between the May 15 and May 29 settlement dates, short sellers fled from some of the biggest players in the field. Biogen Inc , Celgene Corporation and Gilead Sciences, Inc. saw the number of their shares shrink by double-digit percentages in the final two weeks of the month.

Tags: big short interest stocks