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NEW YORK ( TheStreet) -- Medicines (Nasdaq: MDCO) hit a new 52-week high Wednesday as it is currently trading at $22.60, above its previous 52-week high of $22.48 with 356,275 shares traded as of 10:30 a.m. ET. Average volume has been 463,900 shares over the past 30 days. Medicines has a market cap of $1.02 billion and is part of the health care sector and drugs industry. Shares are up 11.8% year to date as of the close of trading on Tuesday. The Medicines Company, a global pharmaceutical company, provides various medicines to hospitals for advancing the treatment of critical care patients primarily in the United States and Europe. The company has a P/E ratio of 8.4, above the average drugs industry P/E ratio of six and below the S&P 500 P/E ratio of 17.7.