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Cerezyme posts

Closing Bell: The risk-trade back on (AIG, GENZ, NLST, GE, CMCSA, KMP)

Posted Dec 1st 2009 4:20PM by Jon Ogg (RSS feed)
Filed under: General Electric (GE), Amer Intl Group (AIG), Kinder Morgan Energy Partners (KMP), Genzyme (GENZ)

Many said that today was based on solid economic data, but the markets were already pointed handily north. Today was about traders putting the risk trade back on by buying stocks and buying commodities. Dubai's explosive consequences seem to be mitigated, but that will be determined in time.

Here were the unofficial closing bell levels today:

Dow 10,471.58 +126.74 (1.23%)
S&P 500 1,108.86 +13.23 (1.21%)
Nasdaq 2,175.81 +31.21 (1.46%)

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Continue reading Closing Bell: The risk-trade back on (AIG, GENZ, NLST, GE, CMCSA, KMP)

Genzyme's Cerezyme shortage may cause more problems than anticipated

Posted Jul 10th 2009 2:20PM by Melly Alazraki (RSS feed)
Filed under: Genzyme (GENZ)

Pharmaceutical drugmaker Genzyme (NASDAQ: GENZ), based in Cambridge, Massachusetts, specializes in creating drugs for rare diseases. Despite the small market, the Orphan Drug Act gives the company tax credits and enhanced patent protection, virtually guaranteeing that its drugs become blockbusters, like it's Gaucher's disease drug Cerezyme.

Recently, the company has halted production of the drug after a virus was discovered in production equipment at its Allston plant. Since the company expects a shortage in the supply of the drug, Genzyme said it would ask some consumers to conserve their stocks of the drug by temporarily skipping or reducing doses. The missed doses will not cause significant health problems, Genzyme said.

Continue reading Genzyme's Cerezyme shortage may cause more problems than anticipated