Healthcare Review: BioScrip Inc, Medivation Inc, Array Biopharma Inc, Celldex Therapeutics, RadNet Inc. Print E-mail
By Staff and Wire Reports   
Friday, 09 May 2014 12:35
U.S. stocks were set for a flat open on Friday, putting the S&P 500 on track to close a week of choppy trading with a slight decline, while the Nasdaq was on pace for its worst weekly decline in four. Shares of BioScrip Inc. ($BIOS) are trading 9.85% higher at $6.69. Yesterday, the company announced 2014 first quarter financial results. First quarter revenue from continuing operations was $239.6 million and the net loss from continuing operations was $25.4 million, or $0.37 per basic and diluted share. Non-GAAP adjusted loss from continuing operations per basic and diluted share was $0.13.

Medivation Inc ($MDVN)’s shares jumped 7.72% to $64.63 after the company yesterday reported Q1 EPS of ($0.18), $0.09 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $95.7 million versus the consensus estimate of $94.64 million.

Array Biopharma Inc (ARRY)’s shares soared 7.81% to $3.93. Recently, the company announced that as part of its continued evolution toward late-stage development and commercialization, Charles M. Baum, M.D., Ph.D., President and Chief Executive Officer of Mirati Therapeutics, joined the company's board of directors, effective April 25, 2014.

Celldex Therapeutics, Inc. ($CLDX)’s shares added 9.08% to $12.10. Celldex Therapeutics, Inc. (Celldex), is a biopharmaceutical company focused on the development and commercialization of several immunotherapy technologies for the treatment of cancer and other difficult-to-treat diseases.

RadNet Inc. (NASDAQ:RDNT)’s shares gained 14.10% to $6.07. The company reported Q1 EPS of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $168.9 million versus the consensus estimate of $173.53 million.




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