Friday's Health Winners & Losers
Intuitive Surgical (ISRG) greeted the weekend higher on earnings, while regulatory decrees set other health stocks back.
Intuitive Surgical, which makes da Vinci surgical systems for use in urologic, cardiothoracic, gynecologic and general surgeries, gained $45.58, or 32%, to $199.67, after
GPC Biotech (GPCB), Spectrum Pharmaceuticals (SPPI) and Pharmion (PHRM) took hits Friday after the Oncology Drugs Advisory Committee released a brief that preempted a regulatory meeting Monday. Among other things, the brief questioned whether the Food and Drug Administration should wait to make a decision on chemotherapy treatment satraplatin until data from a late-stage study is available, which likely won't happen until the year.
GPC lost $11.24, or 35%, to $20.56; Spectrum, which licensed the drug to GPC and has the option to co-promote it in the U.S. fell $2.03, or 29%, to $4.88, while Pharmion, which has exclusive European rights to the drug, lost $1.78, or 6.6%, to $25.32.Also, Biogen (BIIB) and Elan (ELN) suffered a decision by
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