Some Good News in Biotech (at Seeking Alpha)

by: Mike Huckman posted on: October 10, 2008 | about stocks: I could easily blog about how badly biopharma is performing in this bear market, how all of the big pharma stocks hit new lows this morning with the lone exception of AstraZeneca (Update: AstraZeneca is no longer an exception. AZN has now joined the rest of the big pharma stocks touching new lows today.) But there's enough gloom and doom out there so, I'm going to write about a little good news for a bunch of companies in the sector. The journal "Science" is out with its annual ranking of the best biopharma employers. And Genentech has grabbed the top position again. It had been #1 for the first five years of the survey, but fell to #2 last year, behind Boehringer Ingelheim which dropped to #4 this year. As an aside, shares of DNA were briefly halted for trading... [read full story]