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Opening Glance: Biotechnology shares open lower



By AP
09 May 2008 @ 10:05 am EST

NEW YORK - Shares of biotechnology companies opened lower Friday as the broader market tumbled over wider-than-expected losses at insurer American International Group Inc. and a spike in oil prices.

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Quotes
AIG 3.68 -0.18
GILD 43.14 -2.61
AMGN 56.58 -2.31
BIIB 49.67 -0.83
DNA 84.04 -3.49

SYMBOL LOOKUP

Here's how several key biotechnology stocks performed Friday:

Gilead Sciences Inc., down 67 cents to $53.47.

Amgen Inc., down 34 cents to $41.68.

Biogen Idec Inc., down 69 cents to at $61.99.

Genentech Inc., down 15 cents to $68.13.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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