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Beware biotech |
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| Mar 10, 2009 07:40 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Deals, Genentech Inc (DNA), Stocks to Sell  News events of the day are providing a dramatic illustration that not all biotech companies are the same.
Just as President Obama lifted the executive order banning the use of embryonic stem cells for research, Roche and Genentech (NYSE: DNA) appear to have reached an agreement on Roche's bid to acquire the 44% of DNA that Roche does not currently own. Shares of biotech companies engaged in stem cell protocols rallied after the Obama announcement. While most of these companies are small in size with stock prices below $2 per share, the announcement gave impetus to price increases of 17% to 100%. Continue reading Beware biotech Beware biotech originally appeared on BloggingStocks on Tue, 10 Mar 2009 14:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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