Navigation Links
Biotech Cools Off in August But Capital Markets Remain Positive
Date:9/1/2009

i>
  • 136 public biotech companies (41%) have a market cap below $100 million
  • Approximately $530 million venture capital was raised by US biotech companies in August. Notable deals included: Pacific Biosciences (Menlo Park, CA) $65M; Complete Genomics (Mountain View, CA) $45M; and Adamas Pharmaceuticals (Emeryville, CA) $40M.
  • YTD the Burrill Biotech Select Index is up 3 percent. In August the gainers and decliners in the group balanced each other out. Notable gainers were:
    • Emergent Biosolutions, a biopharmaceutical company focused on the development, manufacture and commercialization of vaccines and therapeutics. The company's shares jumped 28 percent in August on strong sales growth for its BioThrax(R) (Anthrax Vaccine Adsorbed), the company's FDA licensed vaccine for the prevention of anthrax. Emergent is predicting a strong second half of the year and reaffirmed its 2009 financial outlook of 25 percent to 35 percent growth.
    • Osiris Therapeutics posted a healthy 19 percent gain in August. The company announced the creation of a new Biosurgery Division focused on developing and marketing high-end biological products for use in surgical procedures. For the second quarter of 2009 Osiris reported revenues of $10.5 million, compared to $2.5 million for the same period of the prior year. Current year revenue primarily reflects the recognition of $10.0 million in amortized license fees from Genzyme.
  • Among the decliners was Onyx Pharmaceuticals Inc., whose 12 percent drop was precipitated by an analyst's downgrade. During the month the company raised $122 million in common shares and $200 million in senior notes. Also, after an excellent run up in share value over the past few months, Affymetrix came up short in August dropping 13 percent in value.

    August Biotech Indices

                               
    '/>"/>
    SOURCE Burrill & Company
    Copyright©2009 PR Newswire.
    All rights reserved

    Page: 1 2 3 4

    Related biology technology :

    1. China Kangtai Cactus Biotech to Launch Patented Cactus-based Low Tar, Low or Zero Nicotine Cigarettes
    2. Champions Biotechnology to Deploy its Technology to Guide Development of Oncology Therapeutic for Global Biotech Leader
    3. Oncolytics Biotech(R) Inc. Announces Issuance of 32nd U.S. Patent
    4. SABiosciences Ranked 17th on the Best Places to Work Industry Award for Biotech and Pharmaceutical Companies
    5. Champions Biotechnology Reports Fiscal 2009 Full-Year Financial Results
    6. Malaysian Biotechnology Sector
    7. PCI Biotech Commences Phase I/II Trials of Amphinex(R)
    8. TriLink BioTechnologies to Sponsor GIVING HUNGER THE BLUES, a Benefit Concert to Help Alleviate Hunger in San Diego County
    9. CBI Hosts 5th Annual Pharma/Biotech Enterprise Governance, Risk and Controls Congress
    10. Swedish-American Life Science Summit (SALSS) to Address Major Issues Including Healthcare Reform, Synthetic Biology and Innovative Financing for Biotechs
    11. Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:8/20/2014)... American Indians largely were wiped out by diseases such ... to the New World by European explorers., One report ... in the Americas shortly before Europeans arrived, and roughly ... But new research led by anthropological geneticists Anne Stone ... University of Tubingen in Germany indicates the diagnosis of ...
    (Date:8/20/2014)... , Aug. 20, 2014 Neurotrope, Inc. ... a conference call to provide an update on ... Eastern daylight timeDial-in numbers:(888) 505-4369 (U.S. and Canada) ... web cast: www.neurotropebioscience.com , under "Investor Relations"The teleconference ... completion through September 2, 2014 at (888) 203-1112 ...
    (Date:8/20/2014)... Mass. , Aug. 20, 2014  Decision Resources Group finds ... , Russia , India ... $1.6 billion in 2013, roughly equal to the size of ... however, the BRIC market will experience much faster growth as a ... aging population. Other key findings from Decision Resources Group,s ...
    (Date:8/20/2014)... CA (PRWEB) August 20, 2014 The ... is being held on October 29-30 in San ... from industry, academic and government researchers and clinicians focused ... the space. , In the twelve years since ... hundred therapies have been introduced with pharmacogenetic information in ...
    Breaking Biology Technology:Unusual discovery leads to fascinating tuberculosis theory 2Unusual discovery leads to fascinating tuberculosis theory 3Neurotrope To Host Conference Call 2BRIC Vascular Access Device Market Valued at $1.6 Billion in 2013, Similar to the U.S. Market 2BRIC Vascular Access Device Market Valued at $1.6 Billion in 2013, Similar to the U.S. Market 36th Annual Personalized and Precision Medicine Conference Bringing Together Thought Leaders to Discuss Clinical Implementation, Dx Reimbursement, Big Data, and Sequencing 2
    ... (OTCBB:IAGX) announced today it has appointed Bill Toomey to ... the appointment, Mr. William Spencer, Imagenetix Chief Executive Officer ... join our board and bring to us his extensive ... benefit greatly from his past experiences and high level ...
    ... BELL, Pa., June 30, 2011 Inovio Pharmaceuticals, Inc. ... the development of therapeutic and preventive vaccines against cancers ... compelling immune responses in a study of its multi-subtype ... proprietary vaccine delivery technology in sheep, the second large ...
    ... ORLEANS, June 29, 2011 Ochsner Health System has signed ... e ICU Program to enhance critical care -- a program ... of stay and save lives. As the only healthcare provider ... Ochsner will serve as a statewide resource to community and ...
    Cached Biology Technology:Imagenetix, Inc. Appoints Bill Toomey to Its Board of Directors 2Inovio Pharmaceuticals' DNA Vaccine for Foot-and-Mouth Disease Generates Protective Neutralizing Antibodies in Second Large-Animal Study 2Inovio Pharmaceuticals' DNA Vaccine for Foot-and-Mouth Disease Generates Protective Neutralizing Antibodies in Second Large-Animal Study 3Inovio Pharmaceuticals' DNA Vaccine for Foot-and-Mouth Disease Generates Protective Neutralizing Antibodies in Second Large-Animal Study 4Inovio Pharmaceuticals' DNA Vaccine for Foot-and-Mouth Disease Generates Protective Neutralizing Antibodies in Second Large-Animal Study 5Inovio Pharmaceuticals' DNA Vaccine for Foot-and-Mouth Disease Generates Protective Neutralizing Antibodies in Second Large-Animal Study 6Ochsner Health System will Offer First eICU Program in Louisiana 2Ochsner Health System will Offer First eICU Program in Louisiana 3
    (Date:8/20/2014)... suffered concussions ready to return to action? A new ... athletes who head back on the field with medical ... their abilities to simultaneously walk and do simple mental ... their balance and/or altered walking speed, was found in ... returned to activity in less than a month. Seven ...
    (Date:8/20/2014)... few years, Virginia Tech,s Wu Feng has built upon ... the "Computing in the Cloud" program, and synergistically complemented ... award from the Air Force on "big computing" for ... the National Institutes of Health on "big data" for ... "parallel computing" aspects from each grant, he was able ...
    (Date:8/20/2014)... A new gene therapy developed by researchers at ... shown to protect mice from a life-threatening heart condition ... new therapeutic avenue," said Yi Lai, Ph.D., the leading ... the MU School of Medicine,s Department of Molecular Microbiology ... we hope this could lead to a treatment for ...
    Breaking Biology News(10 mins):Recovery reversal seen in Oregon study of returning concussed athletes 2Recovery reversal seen in Oregon study of returning concussed athletes 3The internet was delivered to the masses; parallel computing is not far behind 2The internet was delivered to the masses; parallel computing is not far behind 3The internet was delivered to the masses; parallel computing is not far behind 4Gene therapy protects mice from lethal heart condition, MU researchers find 2
    ... Ranganathan, professor of pharmacology at UT Southwestern Medical Center, was ... in research by The Academy of Medicine, Engineering and Science ... of one of three 2009 Edith and Peter O,Donnell Awards ... Ranganathan is director of the Systems Biology Division of the ...
    ... This release is available in German . ... only a single proton. If a neutron is added, ... deuterium in place of hydrogen atoms are chemically identical. ... water with molecules that contain deuterium in place of ...
    ... When extremes of drought and flood come in rapid succession, ... on the sequence of those events, according to a new ... The study, which focused on tree species common to the ... and were less likely to die when subjected to drought ...
    Cached Biology News:UT Southwestern scientist honored among best in Texas research 2UT Southwestern scientist honored among best in Texas research 3Heavy pyridine crystallizes differently 2Sequence matters in droughts and floods 2