LONDON, June 20, 2013 /PRNewswire/ --
The U.S. Supreme Court's decision last week on human gene patents is likely to have a major impact on the biotechnology industry, especially on smaller companies. The Supreme Court last week ruled that a naturally occurring DNA segment is a product of nature, and not patent-eligible just because it has been isolated. On Wednesday, June 19, 2013, shares in biotechnology companies ended mostly lower, tracking losses in the broader market, which fell sharply after market participants digested comments from Federal Reserve Chairman Ben Bernanke. The major movers in the sector included Inovio Pharmaceuticals Inc. (AMEX: INO), Sequenom Inc. (NASDAQ: SQNM), Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), Onyx Pharmaceuticals Inc. (NASDAQ: ONXX), and Optimer Pharmaceuticals Inc. (NASDAQ: OPTR). AAAResearchReports.com have completed their technical analysis on INO, SQNM, PPHM, ONXX, and OPTR and these free reports are accessible by registering at
Shares in Inovio Pharmaceuticals Inc. moved lower on Wednesday, reversing some of their gains from earlier in the week. The company's shares traded between $0.66 and $0.70 before finishing the day 0.57% lower at $0.69. A total of 758,372 shares were traded which is below the daily average volume of 1.36 million. Shares of INO are now up more than 3.70% for this week. Sign up for free technical research on INO at:
Sequenom Inc.'s stock moved higher yesterday even as the broader market struggled. The company's shares traded between $4.18 and $4.37 before finishing the day 0.72% higher at $4.22. A total of 1.69 million shares were exchanged which is below the daily average volume of 2.53 million. However, despite the gains, Sequenom's shares are down 3.87% so far this week. Be sure to read our latest technical research on SQNM by registering at:
Shares in Peregrine Pharmaceuticals fell on Wednesday, tracking losses in the broader market. The company's shares hit an intraday low of $1.46 before finishing the day 1.33% lower at $1.48. A total of 1.04 million shares were traded which is below the daily average volume of 3.19 million. Peregrine's shares have recently slipped below their 50-day and 200-day moving averages. Sign up and read the complimentary report on PPHM at:
Onyx Pharmaceuticals Inc.'s stock fell sharply on Wednesday, extending its losses for the week. The company's shares ended the day 3.67% lower at $85.54 after trading between $85.45 and $88.80. A total of 960,263 shares were traded which is below the daily average volume of 1.16 million. Onyx's shares have now fallen more than 5% in the last three trading sessions. The stock is currently trading below its 50-day moving average. The free report on ONXX can be downloaded by signing up now at:
Shares in Optimer Pharmaceuticals Inc. fell yesterday, tracking losses in the broader market. The company's shares ended the day 0.76% lower at $14.33 after trading between $14.25 and $14.61. A total of 459,088 shares were traded which is below the daily average volume of 1.12 million. Optimer's shares have now fallen over 1.50% so far this week. In the last three months, the stock has gained over 17.60%, thus outperforming the S&P 500. Shares of the company are currently trading slightly below their 50-day moving average. A free report on OPTR can be accessed by registering at:
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|SOURCE AAA Research Reports|
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