Replies to post #163969 on Biotech Values

[dav1234]

Celldex (CLDX +4%), Seattle Genetics (SGEN +3.2%), Ariad (ARIA +10.3%), and Pharmacylics (PCYC +6.3%) are a few more names that spiked on a report Roche is working on a bid for Alexion. On the other hand, Illumina (ILMN -1.4%) dipped lower.

[bladerunner1717]

It's not just ARIA


theflyonthewall: news break- Biotech names rally after report of Alexion takeover interest:

Biotech names rally after report of Alexion takeover interest
Shares of a number of biotech companies are moving higher after a Bloomberg report said Roche (RHHBY) is seeking financing for a takeover bid for Alexion (ALXN). WHAT'S NEW: According to a Bloomberg report that cites people with knowledge of the situation, Roche is seeking billions in financing for a potential takeover bid for Alexion. PRICE ACTION: Following the report, shares of Alexion jumped more than 18% and were halted at least twice for volatility. PEERS TO WATCH: Following the report, a number of biotech stocks, including Seattle Genetics (SGEN), up 3.5%, Celldex Therapeutics (CLDX), up 5%, and Gilead (GILD), up 1.5%, and BioMarin (BMRN), up 6%, advanced (I would add ARRY to the list, which was up almost 8% today.)

Bladerunner