Monday, April 27, 2009

Bad news (swine flu) is good news for some

Flu a windfall for some drug makers, shares jump (Reuters):

On a nervous down-day in the stock market, pharma and biotech companies were the winners.

One-day gain for large pharmaceutical companies:
Roche: 3.51% (who markets Tamiflu)
GlaxoSmithKline: 5.67%
Baxter (BAX): 2.4%
Sanofi-Aventis: 2.43%
Gilead Sciences (GILD): 3.78% (original inventor of Tamiflu)

One-day gain for smaller, biotech companies developing vaccines:
Novavax (NVAX): 78%
BioChryst Pharmaceuticals:75%

I seem to recall the name Baxter from a different piece of news... Does anyone remember this in February? "Baxter: Product contained live bird flu virus (Toronto Sun)"


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