Health care shares are mixed in the pre-market session. Cell
Genesys (
CEGE) is higher after BioSante Pharmaceuticals (
BPAX)
stockholders approved the companies' merger. Halozyme Therapeutics
(
HALO) is higher after announcing additional Phase 2 results
demonstrated faster insulin absorption and increased peak insulin
concentrations in type 1 diabetic patients after co-administration of
its recombinant hyaluronidase enzyme with Humulin R (regular human
insulin), a mealtime insulin. Cell Therapeutics (
CTIC) is higher after
announcing that patients with cancer of the lower esophagus
demonstrated a high rate of complete remission when given Opaxio
(paclitaxel poliglumex), a biologically enhanced paclitaxel, when
administered in combination with standard cisplatin and concurrent
radiation.
Cell Genesys said BioSante Pharmaceuticals stockholders have approved the companies' merger.
Halozyme Therapeutics said additional Phase 2 results demonstrated
faster insulin absorption and increased peak insulin concentrations in
type 1 diabetic patients after co-administration of its recombinant
hyaluronidase enzyme with Humulin R (regular human insulin), a mealtime
insulin. In addition, study results also showed a significant reduction
in postprandial blood glucose levels following administration of a
standardized test meal and less hypoglycemia compared to Humulin R
alone.
Cell Therapeutics announced that patients in a study with cancer of
the lower esophagus demonstrated a high rate of complete remission when
given Opaxio (paclitaxel poliglumex), a biologically enhanced
paclitaxel, when administered in combination with standard cisplatin
and concurrent radiation.
Dow Jones U.S. Health Care Index: -1.40 (-0.47%) at 296.33 (Wednesday regular session close)
Top Health Care Stocks:
JNJ: -0.07%
PFE: -0.06%
ABT: +0.06%
MRK: +0.19%
WYE: +0.04%
UPSIDE MOVERS
Vical (
VICL): Stock is recently bouncing up from a pre-market low
of 4.37, seeing strong upside liquidity off this bottom. Longs may want
to watch the 4.37 to 4.40 area into the open to see if it holds as a
floor support - a level that could see upside movement back into the
higher 4.40s or possibly breach 4.50.
DOWNSIDE MOVERS
RADVision (
RVSN): Stock is stretching to fresh pre-market lows late
in the session, sliding from 7 to 6.61. RVSN developed two distinct
ceiling levels in the pre-market session, at 7.30 to 7.20 and at 7.10
to 7.00 - areas shorts may want to eye as a potential near-term top.
More risk tolerant shorts might want to target the 6.80 to 6.70 area, a
ceiling level developing late in this morning's session.