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Daily Archives: January 10th, 2008

Could Elan (ELN) Be A Blockbuster Biotech Company in 2008? Also Keep An Eye On Myriad Genetics Inc. (MYGN).

Submitted by Biotechman and Optiondragon

Earlier this week, Biogen Idec Inc. and partner Elan Corp forecasted that by 2010 it would have 100,000 patients taking Tysabri, which costs $29,400 per year. Biogen believes that sales growth in 2008 will be mostly coming from Tysarbi. They also said recently that as of the end of September there have […]

Review 1/10/08: SPX, Nasdaq, CFC (Countrywide Financial), YHOO (Yahoo), X (US Steel), ILMN (Illumina), CHU (China Unicom), CHA (China Telecom), CN (China Netcom), RIMM (Research In Motion), CHL (China Mobile)

The market continued to push upwards from yesterday’s bounce. The Dow gained +117.78 points; SPX added +11.20 points; and Nasdaq was up almost +14 points.
The Fed Chairman, Ben Bernanke, signaled further interest rate cuts to support economic growth. The market reacted very well, initially, as eager investors tried to catch the “Uncle Ben […]