This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Thursday's Health Winners & Losers

Updated from 2:08 p.m. EDT

Geron (GERN) was the best health care performer of Thursday's sluggish session, following positive news out of a recently study.

Shares jumped 15.1% after Geron said that its scientists have seen progress in using embryonic stem cells as an effective treatment for type 1 diabetes. Recently, Geron closed up $1.24o $9.48

Despite the advance in its stock, Geron was unable to support the Nasdaq Biotechnology Index, which slumped 0.7. Among its other components, Genzyme (GENZ) lost 3.2% and Amgen (AMGN) shed 1.2%.

Angiotech Pharmaceuticals (ANPI) was up 5.2% after a regulatory approval for a wound closure product. The company's Quill SRS received European approval and is expected to launch there at midyear. Recently, Angio closed up 34 cents at $6.89.

Onyx Pharmaceuticals (ONXX) was another winner, courtesy of an upgrade from Friedman Billings. The firm raised its rating for Onyx to market perform from underperform, while nearly doubling its stock price target to $30 from $17.

An analyst with Friedman said it will take years for Pfizer (PFE) to come up with a drug that can compete with Onyx's a liver cancer treatment, Nexavar. Recently, Onyx added 57 cents, or 1.8%, to $31.87. Pfizer was down by 4 cents earlier in the day but closed up 4 cents at $27.36.

Also among winners, Avanir Pharmaceutical (AVNR) was higher by 21.8%, Dendreon (DNDN) climbed 6.5%, and CV Therapeutics (CVTX) was up 6.2%.

On the losing side, medical device makers were having a rough session. Among individual names, Boston Scientific (BSX) fell 2.3%, Medtronic (MDT) slumped 1.6%, and St. Jude Medical (STJ) was off 1.2%.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,795.28 +17.13 0.10%
S&P 500 2,066.73 +5.50 0.27%
NASDAQ 4,761.5160 +13.12 0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs