Updated: Aug 31, 2010 3:45 PM EDT
Healthcare
Laux, Porter, Cavanaugh (212) 829-5484
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News and Views
End of the month didn't matter, volumes were still real light across the board. In the M&A space the GENZ-SNY saga continues to play out, with the Genzyme CEO saying he doubts that SNY will go the "hostile" route in its bidding for the company and that advisors have not been told to solicit additional bidders beyond SNY.. Overall healthcare was flat to down on the day HMO index -14.58 and the DRG and BTK index pretty close to flat.
Macro/Technicals
XLV: 28.10; -.11; -.39%DRG: 285.14; +.39; +.14%
HMO: 1431.95; -14.58; -1.01%
BTK: 1060.86; -.76; -.07%
Leaders: SKH CHTP CASM CPIX HALO TRGT
Laggards: SOMX IMGN AMRN PRXL
Active Names
Biotech/Pharma--AMRN AGN BMY SQNM SGEN AMGN PTIE
Healthcare Services-- HMA BABY ALR ERES CAH CHSI AHCI
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