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Sequenom Shares Rise Sharply on Licensing Deal

Shares of Sequenom rose 23 percent for the five-day trading period ended Tuesday to lead all gainers in the BCW Index. The firm’s shares jumped 16 percent on Tuesday alone after the firm announced that it had licensed a next-generation sequencing technology from Harvard University (see Briefs).
 
The shares of only eight firms in the Index fell for the tracking period. Illumina led decliners with a 1.9 percent drop.
 
Overall, the Index gained 1.08 percent, while the Dow Jones Industrial Average ticked up .3 percent; the Nasdaq rose 1.2 percent; and the Nasdaq Biotech Index gained .6 percent for the week.

 
 
BioCommerce Week Index of Diversified
Molecular Biology Tool Companies
Company
Ticker
Closing Price
(Sept. 25, 2007)
Starting Price
(
Sept. 18, 2007)
% change
Affymetrix
AFFX
24.74
24
3.08
Agilent
A
36.77
37.2
-1.16
Applied Biosystems
ABI
34.27
33.95
0.94
Beckman
BEC
72.76
71.28
2.08
Becton Dickinson
BDX
81.98
79.25
3.44
Bio-Rad
BIO
83.5
84.48
-1.16
Bruker
BRKR
8.87
8.51
4.23
Caliper
CALP
5.59
5.62
-0.53
Cepheid
CPHD
21.24
20.83
1.97
Illumina
ILMN
52.46
53.47
-1.89
Invitrogen
IVGN
83.27
81.5
2.17
Luminex
LMNX
15.71
15.59
0.77
MDS
MDZ
21.14
21.48
-1.58
Millipore
MIL
76.1
76.53
-0.56
PerkinElmer
PKI
28.49
28.59
-0.35
Qiagen
QGEN
18.18
17.09
6.38
Sequenom
SQNM
6.15
5.00
23.00
Sigma-Aldrich
SIAL
47.85
46.74
2.37
Thermo
TMO
57.2
57.51
-0.54
Third Wave
TWTI
9.1
8.43
7.95
Waters
WAT
67.28
66.46
1.23
BCW Index Average  
40.60
40.17
1.08
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