This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Friday's Health Winners & Losers

Novogen (NVGN) was up after the company announced it received clearance from the Food and Drug Administration for a final phase of trials on its cancer drug phenoxodiol.

The company boosted its research and development spending to $9.1 million, from $7.7 million last year, in part to scale up the development and manufacturing of the drug, which is intended to boost the effectiveness of chemotherapy in women with drug-resistant ovarian cancer. Shares rose 11.7% to $11.27.

Dyax (DYAX) rose after the company said it signed a deal for a licensing and research program. The company entered an agreement with Paul Capital Partners' Paul Royalty Fund II for a $30 million upfront cash payment. Dyax also has an option to receive an additional $5 million payment if it achieves certain revenue goals within the next two years. Shares were up 10.9% to $3.15.

Vertex Pharmaceuticals (VRTX - Get Report) jumped on an upgrade from UBS. According to analyst Annabel Samimy, who raised the stock's rating to buy from neutral, the biotech should report strong efficacy results on trials of its antiviral drug VX-950. She kept her price target of $42. The stock was up 7.9% to $34.80.

Mylan Laboratories (MYL - Get Report) sank on a downgrade by an analyst at Banc of America Securities. Analyst David Maris downgraded the stock to sell from neutral. The stock fell 1.3% to $20.89. Maris maintained his 12-month price target of $19.

Among other health stocks taking a hit were CoTherix (CTRX), falling 2.3% to $6.47, Coley Pharmaceutical (COLY), down 1.7% to $10.70, Cell Therapeutics (CTIC), sinking 5.6% to $1.52, Avalon Pharmaceuticals (AVRX), losing 6.8% to $2.89 and Acorda Therapeutics (ACOR), off 7.5% to $3.08.

Health stocks moving higher included SuperGen (SUPG), whose shares jumped 13.4% to $3.80, Elan (ELN), up 4.8% to $16.25, Vertex Pharmaceuticals (VRTX - Get Report), gaining 7.9% to $34.80, Teva Pharmaceutical (TEVA), 1.8% higher to $35.54, Boston Life Sciences (BLSI), up 8.3% to $3.92, Zila (ZILA), up 2.1% to $2.95, Tiens Biotech Group (TBV), whose shares gained 2.7% to $3.07, Introgen Therapeutics (INGN), up 2.1% to $3.95 and Immunomedics (IMMU), up 4% to $2.04.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DYAX $38.41 0.00%
ELN $0.00 0.00%
MYL $41.71 0.00%
NVGN $2.25 0.00%
VRTX $84.34 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs