This Day On The Street
Continue to site right-arrow
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

One biotech fell hard, but most were in the green Thursday amid positive analyst notes and a broader market rally the day before the holiday weekend.

EPIX Pharmaceuticals (EPIX) plummeted after announcing that it is terminating development of its experimental drug for major depressive disorder, PRX-00023, because it didn't show significant efficacy in a recent phase IIb trial. Shares fell $1.53, or 49%, to $1.56.

The plunge didn't weigh too heavily on the Nasdaq biotechnology index, which was up 5.32, or 0.7%, at 742.48.

Among analyst moves, Cantor Fitzgerald's Pamela Bassett initiated coverage on Sequenom (SQNM) with a buy rating and a $12 price target, citing the potential of the company's genetic analysis technology. Shares were trading up 40 cents, or 8.1%, at $5.47.

Jefferies & Co. analyst Eun Yang reaffirmed a buy rating and a $16 price target for Altus Pharmaceuticals (ALTU), noting the partnership potential for Trizytec, a treatment to aid digestion in patients with cystic fibrosis, and for ALTU-238, a growth hormone. Shares rose 34 cents, or 7.4%, to $4.95.

In general news, Alnylam (ALNY) climbed 3.6% after the company said it licensed its RNAi intellectual property to Shanghai GenePharma. The patent that Alnylam is licensing covers aspects of the structure and uses of RNAi products. RNAi is a natural process of gene silencing, and RNAi therapeutics targets the causes of diseases by preventing disease-causing proteins from being made. Shares of Anylam were up 89 cents to $24.62.

Also, 3SBio (SSRX) jumped 14% after the company said it will buy back up to $20 million of its American depositary shares on a time-to-time basis on the open market over the next year, using working capital. The Chinese biotechnology company saw shares rise $1.04 to $8.65.

Elsewhere, Abbott (ABT) and Osaka, Japan-based Takeda Pharmaceutical said they will terminate their TAP Pharmaceutical Products joint venture, dividing the value equally.

The TAP venture, created in 1977, last year had revenue of $3.1 billion from its two marketed products, heart burn medication Prevacid and oncology treatment Lurpon. The agreement calls for Abbott to take rights to Lupron and Takeda to have rights to Prevacid.

Takeda receives all rights to the joint pipeline and Abbott will receive payments based on current and certain future products, including two products under review for approval by the FDA. Abbott shares rose 92 cents, or 1.7%, to $55.31.

Select the service that is right for you!

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!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • 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