Market eyes will be on Biotechnology industry this week; LIFE, ILMN, HGSI, TECH, BMRN, PDLI
Monday, 26 October 2009 03:33

The heavy portion of the earnings season is reaching its peak, and daily the indexes are reacting to the releases of the major companies and industries. Here we take a look at the Biotechnology industry stocks with filings this week. It’s vital for traders to stay informed on which companies are due to report and to know what expectations are for those reports.

 

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Review of Today’s Market Action

 

 

 


 

 

 

 

Life Technologies Corporation (LIFE) is the biggest announcement (in terms of market cap) in the industry this week on Tuesday. The company has posted a 11.05% gain in stock price since about the time of its last earnings release, while the Biotechnology industry overall has returned -4.56% loss in the same period.

 

Investors will watch the LIFE release closely as it may be an indicator for the stocks that follow it this week in the same industry and the overall health of the group.

 

Also filing and hosting a call this week is Illumina Inc. (ILMN) on Tuesday. The stock boasts a market cap of $5.07B and has seen a 13.53% gain in value since around the time of its previous earnings announcement. Industry peer Human Genome Sciences Inc. (HGSI) is the third largest stock in the industry to post this week and will release earnings Wednesday.

 

Investors will also be watching these Biotechnology stocks with earnings announcements this week:

 

Techne Corp. (TECH) will post on Wednesday

 

BioMarin Pharmaceutical Inc. (BMRN) announces Wednesday

 

PDL BioPharma, Inc. (PDLI) files Wednesday

 

ViroPharma Inc. (VPHM) releases Wednesday

 

Exelixis, Inc. (EXEL) posts Thursday

 

BioCryst Pharmaceuticals Inc. (BCRX) will post on Thursday

 

Cytokinetics Inc. (CYTK) announces Wednesday

 

Sangamo Biosciences Inc. (SGMO) files Wednesday

 

Sequenom Inc. (SQNM) releases Thursday

 

QLT Inc. (QLTI) is set to post on Tuesday

 

Antigenics Inc. (AGEN) is scheduled for Thursday

 

More...



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