EdgeWater 10/27/2010 9:44:44 PM
News / Business

Drug Stocks in Spotlight (GILD, SUPG, BMY, ALKS)

Drug Stocks in Spotlight

Gilead Sciences, Inc. (NASDAQ:GILD) rose 0.18% to $39.61 after the company last week, reported that its third-quarter net income climbed 5 percent,topping topping analysts’ expectations.

Gilead Sciences, Inc. is a biopharmaceutical company that discovers, develops and commercializes therapeutics. The Company has operations in North America, Europe and Australia.

SuperGen, Inc. (NASDAQ:SUPG) soared 21.03% to $2.82. SuperGen's net income for the quarter surged to $3.89 million from $0.83 million last year. On a per-share basis, earnings rose to $0.06 from $0.01 last year.

SuperGen's total quarterly revenues grew to $13.38 million from $10.36 million in the comparable quarter a year ago.

Over the past 52-week, the stock traded within the range of $1.71-$3.80.

Bristol Myers Squibb Co. (NYSE:BMY) dropped 1.10% to $26.86. The company earned $949 million in the third quarter, off from $966 million in the same period a year ago, financial results showed. Sales edged up to $4.8 billion from $4.79 billion.

The stock opened at $27.01 and was trading within the range of $26.69-$27.08.

Alkermes, Inc. (NASDAQ:ALKS) advanced 0.65% to $10.88. Last week, UBS downgraded Alkermes from Buy to Neutral. The price target was lowered from $18 to $11.

This week, the company announced positive topline results from a phase 1 clinical study of an investigational combination of ALKS 33, one of Alkermes’ candidates, and buprenorphine, an existing medication for the treatment of opioid addiction, for the treatment of cocaine addiction.

Over the past 52-week, the stock traded within the range of $7.54-$16.10.

Article published by Wall Street Grand. Visit the Wall Street Grand Club today.

SAFE LINK

Disclaimer:

For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html