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Influenza Vaccine News Moves Thursday's Market

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By Lauran Neergaard   
Thursday, 04 June 2009 14:27

The spread of a new strain of influenza A H1N1 virus across 50 countries worldwide since last month has helped remind the medical community that it needs to adapt to a virus that continuously reinvents itself.  That was definitely the driving force in today's markets and it will likely contintue to be a factor in coming weeks as swine flu outbreaks have overwhelmed the U.S. health-care system, a report from Bloomberg said. The two companies which we highlighted in our (05/25/09) report Which Small Biotech Firms Could Reap Benefits From Government's Flu Vaccine Initiative? were the biggest movers in the healthcare sector today.

Shares of Novavax, Inc. (Nasdaq:NVAX) soared today after the company and the Division of Microbiology and Infectious Diseases (DMID) of the National Institute of Allergy and Infectious Diseases (NIAID), National Institutes of Health (NIH) signed an agreement to cooperate in the evaluation of a virus-like particle (VLP) vaccine candidate against the novel influenza A (H1N1) virus. Novavax has produced influenza A (H1N1) VLP vaccine against the strain recommended by the Centers for Disease Control and Prevention (CDC).

Pharmaceutical company Hemispherx Biopharma's (Amex:HEB) shares hit a fresh 52-week high after an article in a peer-reviewed journal called its Ampligen treatment the "most promising" candidate among mucosal vaccines for preventing bird flu, and said it potentially may help with other variants of the flu. The study said mucosal vaccines are a better bet than current injection vaccines to fight a pandemic, as they may work against multiple strains. Hemispherx is waiting for approval from the FDA for Ampligen's use as a treatment for Chrinic Fatigue, but even if the approval is not given, the company has what it's CEO called "Multiple Shots on Goal," given their technology platforms for influenza prevention/control.

Top Movers

Thursday, June 04, 2009
Gainers (% price change) Last Trade Change Mkt Cap

Novavax, Inc.
NVAX 3.26 +1.39 (74.33%) 282.05M
Hemispherx BioPharma, Inc HEB 3.75 +1.20 (47.06%) 319.23M
Cytori Therapeutics Inc CYTX 4.54 +0.70 (18.23%) 154.76M
Symyx Technologies, Inc. SMMX 6.02 +0.83 (15.99%) 205.14M
Bio-Reference BRLI 31.67 +4.15 (15.08%) 436.99M

 

Losers (% price change)

ChemGenex Pharmaceuticals CXSP 12.53 -1.47 (-10.46%) 200.32M
ViroPharma Incorporated VPHM 6.36 -0.57 (-8.23%) 492.31M
Martek Biosciences Corp. MATK 20.42 -1.33 (-6.11%) 677.02M
LCA-Vision Inc. LCAV 5.65 -0.36 (-5.99%) 104.99M
Kensey Nash Corporation KNSY 25.98 -1.43 (-5.22%) 294.94M

 

Most Actives (dollar volume)

Covidien Ltd. COV 35.65 -0.44 (-1.22%) 17.97B
Baxter International Inc. BAX 47.38 -1.90 (-3.86%) 28.67B
Johnson & Johnson JNJ 55.84 -0.32 (-0.57%) 153.87B
Wyeth WYE 44.22 -0.51 (-1.14%) 58.97B
Merck & Co., Inc. MRK 26.58 -0.63 (-2.32%) 56.05B

 





BiomedReports is not paid or compensated to report news and developments about publicly traded companies. Full disclosure can be read in the About Us Section

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