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

Wednesday's Health Winners & Losers

Updated from 2:19 p.m. EDT

Gains from intercompany deals balanced out losses brought about by analyst predictions, and health stocks set off on a slightly good note Wednesday.

First, for those who browsed Yahoo! Finance this morning: No, Teva Pharmaceutical (TEVA) didn't burst 80% and Neurochem (NRMX) wasn't really trading at minus-$12. Although such action would've resulted in a much more dramatic Winners & Losers column, the glitch appears to be fixed now.

Oculus Innovative Sciences (OCLS - Get Report) did trade actively after the medical-instruments company announced a 10-year licensing agreement with the Drug Enhancement Company of America for the rights to Oculus' first-response pen-like applicator for cuts, minor burns and skin irritations, Microcyn Technology. The agreement, which gives DECA an exclusive worldwide license on the technology, may also provide Oculus payments of up to $47.5 million, according to the company. After rising more than 9% earlier in the day, Oculus closed down 1.1%, or 8 cents, to $7.16.

American Oriental Bioengineering (AOB) signed a letter of intent to acquire Changchun Xinan Pharmaceutical Group, a fellow China-based company. American Oriental Bioengineering has 90 days to enter a definitive agreement and close the transaction according to the letter of intent. It anticipates an all-cash deal not exceeding $30 million. American Oriental Bioengineering's shares rose 27 cents, or 2.9%, to $9.71.

Elsewhere, LifeCell (LIFC) said Wednesday that it received 510(k), or premarket notification, clearance from the U.S. Food and Drug Administration for Strattice tissue matrix. The product is for soft tissue repair, including breast reconstruction and hernia repair. LifeCell gained $1.70, or 6% to $29.99.

LifeCell is a component of the Nasdaq Biotechnology Index, which was up 9.59, or 1.2%, to 818.48.
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
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
TELK $2.75 -8.33%
IDIX $24.50 0.20%
LJPC $18.75 -3.20%
OCLS $1.00 -1.40%
AAPL $95.03 -2.90%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs