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Opening Glance: Biotechnology



By AP
08 July 2008 @ 10:09 am EST

NEW YORK - Shares of biotechnology companies opened higher Tuesday as the broader market rose after Federal Reserve chairman Ben Bernanke said the central bank might extend its lending efforts to investment banks.

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Quotes
GILD 37.47 -2.57
AMGN 48.58 -1.68
BIIB 42.78 -1.98
DNA 73 -5.75

SYMBOL LOOKUP

Here's how several key biotechnology stocks performed Tuesday:

Gilead Sciences Inc., up 66 cents at $52.34.

Amgen Inc., up 8 cents to $50.35.

Biogen Idec Inc., up $1.09 to $59.96.

Genentech Inc., up 96 cents to $76.77.

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 This material may not be published, broadcast, rewritten or redistributed.

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