Logo

Nanosphere's Shares Drop More Than 35 Percent

Dec 29, 2008

NEW YORK (GenomeWeb News) – Shares of molecular diagnostics firm Nanosphere fell more than 35 percent on Monday, though there was no news or regulatory filings that would account for such a sell off.

The Dow Jones Industrial Average closed down .4 percent, and almost all of the firms in the GenomeWeb Daily News Index finished in negative territory for the day.

However, Nanosphere’s stock took the biggest hit by far of the firms covered by GWDN. Its shares closed at $4.26 on the Nasdaq, down 37 percent for the day. During the trading session, it hit a low of $4.17. Trading volume was nearly triple its average of around 67,000 shares per trading session.

Breaking News
The Scan

Genes Linked to White-Tailed Jackrabbits' Winter Coat Color Change

Climate change, the researchers noted in Science, may lead to camouflage mismatch and increase predation of white-tailed jackrabbits.

Adenine Base Editor Targets SCID Mutation in New Study

Researchers from the University of California, Los Angeles, report in Cell that adenine base editing was able to produce functional T lymphocytes in a model of severe combined immune deficiency.

Researchers Find Gene Affecting Alkaline Sensitivity in Plants

Researchers from the Chinese Academy of Science have found a locus affecting alkaline-salinity sensitivity, which could aid in efforts to improve crop productivity, as they report in Science.

International Team Proposes Checklist for Returning Genomic Research Results

Researchers in the European Journal of Human Genetics present a checklist to guide the return of genomic research results to study participants.