Healthcare Biz Review: Salix Pharmaceuticals Plunges, Amyris Sees Negative Cash Flow
NeurogesX’s (NASDAQ:NGSX) Qutenza patch was not recommended by the Food and Drug Administration for the treatment for nerve pain related to HIV-associated peripheral neuropathy.
Investing Insights: Traders Analyze Earnings of These 2 Healthcare Stocks.
Salix Pharmaceuticals (NASDAQ:SLXP) shares plunged. The Food and Drug Administration provides relatively lenient clinical study guidelines for would-be makers of a generic version of Salix’s Xifaxan drug. Salix closed yesterday near its 52-week high.
Amyris (NASDAQ:AMRS) shares tanked after the renewable products company says it is no longer forecasting positive cash flow for 2012. It will instead seek as much as $60 million in additional financing. AMRS is running into execution risk as it scales up its production of next-generation biofuels, Raymond James says: “It will clearly take time for the growth curve to materialize.”
Earnings Report: Athenahealth Inc. Fourth Quarter Earnings Sneak Peek.
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