This Day On The Street
Continue to site
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

Tuesday's Health Winners & Losers

Telik (TELK) plunged 30% Tuesday on startling information about its trial for experimental cancer treatment Telcyta, while other health care companies previewed their clinical work ahead.

Telik late Monday announced that the Food and Drug Administration had halted a study on the company's experimental cancer treatment Telcyta. Data released this weekend showed the drug had a negative survival rate and in fact hastened the deaths of women with advanced ovarian cancer as well as in a separate study of patients with small cell lung cancer.

For more on this, check out TheStreet.com's coverage of Telik by senior writer Adam Feuerstein, who is attending the American Society of Clinical Oncology meeting this week. Telik was down $1.34, to $3.24.

The Nasdaq Biotechnology Index, which includes Telik, was down 1.74, or 0.2%, to 834.52.

Meanwhile, late-stage clinical trials and filings kept some biotech names out of the red.

Antigenics (AGEN - Get Report) said Tuesday that GlaxoSmithKline (GSK - Get Report) launched a phase III clinical trial evaluating its investigational Mage-A3 Antigen-Specific Cancer Immunotherapeutic (ASCI) in non-small cell lung cancer. The stock rose 14 cents, or 5.1%, to $2.89.

After yesterday's big gain on positive results for liver cancer treatment Nexavar, Onyx Pharmaceuticals (ONXX) continued climbing Tuesday after Prudential changed its price target for the company from $25 to $31. The stock was up 79 cents, or 2.4%, to $34.31.

1 of 2

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
Submit an article to us!
SYM TRADE IT LAST %CHG
ONXX $0.00 0.00%
TELK $2.75 -8.33%
ABPI $0.00 -11.11%
AGEN $6.75 -1.46%
GSK $46.34 0.80%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs