Shares spike 44% after company gets the green light to file for approval of its experimental drug for Duchenne muscular dystrophy.
Stocks in this sector are up less than 4% this year after torrid growth over the previous 2 years.
VeriFone is upgraded to 'outperform,' and MannKind is downgraded to 'underperform.'
Qihoo 360 is upgraded to 'buy' at 2 firms, and DISH is initiated with an 'underperform.'
But before getting involved in this sector, investors should remember that high volatility is the norm, and proper diversification is critical.
Stocks are mixed, with the post-earnings advance from Apple helping the Nasdaq stay in positive territory.
The biotech plans to file early with the FDA even as the regulatory body may have some reservations about the limited amount of data.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
A new survey reveals Americans are most embarrassed to admit their amount of credit card debt.
In a tax case, a US judge ruled that the agency's published guidelines don't hold up in court.
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