OCTOBER GOOD FOR BIOTECH, MOST COMPANIES UP, BDI-40 UP 6%, PHARMAXIS UP 80%
November 1st 2011 22:38
Biotech Daily
Tuesday November 1, 2011
Daily news on ASX-listed biotechnology companies
Tuesday November 1, 2011
Daily news on ASX-listed biotechnology companies
Subscribe to Biotech Daily at the link above or at www.biotechdaily.com.au
BIOTECH DAILY’S TOP 40 INDEX
The Biotech Daily Top 40 Index (BDI-40) climbed 6.0 percent in October with the S&P ASX200 up 7.2 percent for the month.
The BDI-40 (which does not include the Big Caps of Cochlear, CSL and Resmed) remained well ahead of the benchmark index for the year to October 31, 2011, up 31.7 percent compared to the ASX200 falling 7.8 percent.
And October was a surprisingly good month for the BDI-40, with 22 companies up, 11 down and seven unchanged.
Pharmaxis led the recovery following European approval of Bronchitol, up 79.5 percent to a market capitalization of $298 million, followed by Allied Health recovering from its 2.8 cent a share placement, up 44.4 percent to $26 million.
More impressively, Phosphagenics was up 43.5 percent to $178 million, followed by QRX (35.9%), Impedimed (32.9%), Tissue Therapies (28.2%), Prima (15.7%) and Living Cell (13.6%).
The biggest fall was Alchemia’s 21.7 percent drop to $54 million, followed by Optiscan (16.7%), Sunshine Heart (15.8%), Genetic Technologies (14.9%), and Bionomics (13.3%).
Cochlear saved the three Big Caps falling more than a collective 0.4 percent for the month, recovering 26.3 Percent to $3,333 million, while CSL fell 2.8 percent to $15,151 million and Resmed lost 7.8 percent to $4,217 million.
There are significant changes to both the BDI-20 and Second 20 this month, with QRX replacing Patrys in the BDI-20, while Avita and Neuren return to the Second 20 - proving that what goes down, can come up - and replacing Advanced Surgical and LBT Innovations.
BDI-40 v ASX200 Jun 30, 2006 To Oct 31, 2011
BDI-40 v ASX200 Oct 31, 2010 To Oct 31, 2011
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