Opening Glance: Biotechnology

By Associated Press May 20, 2008 Comments (0)

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Shares of large-cap biotechnology companies opened slightly higher Tuesday, bucking a downturn in the broader market as oil prices spiked and a government report pointed to rising wholesale inflation.

The Dow Jones Industrial average fell 145 points shortly after the opening bell.

Here's how several key biotechnology stocks performed early Tuesday:

Celgene Corp., up a penny to $59.98

Amgen Inc., up 51 cents to $42.85.

Biogen Idec Inc., up 92 cents to $63.67.

Genentech Inc., down 37 cents to $69.83.

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