EdgeWater 3/9/2011 1:18:27 AM
News / Business

Biotech. Stocks Declining (PDLI, SQNM, ARNA, DNDN)

Biotech. Stocks Declining

PDL BioPharma Inc. (NASDAQ:PDLI) slid 0.18% to $5.66. PDL BioPharma, Inc. is engaged in the management of its antibody humanization patents and royalty assets, which consist of the Company’s Queen et al. patents and license agreements with several biotechnology and pharmaceutical companies.

The stock has average daily volume of 3.64 million shares. At Today’s closing market price, the market capitalization of the company stands at $790.59 million.

Sequenom, Inc. (NASDAQ:SQNM) lost 3.41% to $5.94. Pacer International, Inc. is an asset-light North American transportation and logistics services provider.

The stock opened at $6.15 and is trading within the range of $5.87-$6.24.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) fell 3.80% to $1.52. The stock has a 52-week range of $1.26-$8.00.

The stock has average daily volume of 2.95 million shares. At Today’s closing market price, the market capitalization of the company stands at $184.55 million.

Dendreon Corporation (NASDAQ:DNDN) went down 2.54% to $31.85. Dendreon Corporation is a biotechnology company focused on the discovery, development and commercialization of therapeutics that may improve cancer treatment options for patients.

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