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Sector Update: Biotechnology Stocks Showing The Way On NASDAQ

By: MT Newswires
Posted: 10/1/2013 1:44:00 PM
Referenced Stocks: AMGN;IMGN;NBIX

Biotech stocks are helping to lead the market recovery today, currently up on average 1.4% as a group (SPSIBI) compared to the NASDAQ (COMP) market up 1.04% at 3,810.71. Year-to-date these specialty medical stocks focusing on pioneering advances in human therapeutics are up 48.9% compared to the NASDAQ's healthy gains of 26% year-to-date.

Stocks adding to the S&P Biotechnology Select Industry Index move higher are Amgen Inc ( AMGN ) up 2% at near $114 per share; ImmunoGen, Inc ( IMGN ) up 1.4% at $17.25 per share; and Neurocrine Biosciences Inc ( NBIX ) up 1.4% at $11.48 per share.