On a day when the Dow Jones Industrial Average
On days when the market is plummeting, the instinctual flight to safety often means defensive sectors like health care perform better. For instance, major pharmaceutical makers were, on average, down less than a 1 percentage point. However, that doesn't mean individual biotech stocks weren't left battered and bruised. A trio of companies reported earnings, and investors are the poorer for it.
Zalicus
Complete Genomics
Arena Pharmaceuticals
For a handy way to keep track of the companies mentioned here, add them to our free My Watchlist feature:
- Add Zalicus to My Watchlist.
- Add Complete Genomics to My Watchlist.
- Add Pacific Biosciences to My Watchlist.
- Add Illumina to My Watchlist.
- Add Arena Pharmaceuticals to My Watchlist.
- Add VIVUS to My Watchlist.