Could Dyax Corp.(NASDAQ:DYAX), Celldex Therapeutics, Inc.(NASDAQ:CLDX), or Baxter International Inc.(NYSE:BAX) Be The Next Biotech Breakout?
New York, NY – GDP INSIDER – 10/22/2014.
This article discusses three biotechnology companies: Dyax Corp.(NASDAQ:DYAX), Celldex Therapeutics, Inc.(NASDAQ:CLDX), or Baxter International Inc.(NYSE:BAX)
Dyax Corp.(NASDAQ:DYAX) is a Massachusetts-based biotechnology company that develops treatments for angioedemas. The company’s products include KALBITOR and DX-2930, the latter of which is currently under development. Dyax Corp. currently has a market capitalization of over $1.25 billion and $136.21 million tradeable shares. The company will be releasing its third quarter financial results after the markets close on Oct. 28th, 2014. Additionally, Dyax Corp. will also be hosting a conference call and webcast at 5PM EST to discuss the results.
Celldex Therapeutics, Inc.(NASDAQ:CLDX) released a SEC form 8-K on Oct. 20th detailing its entrance into material definitive agreement with BIOSYN Corporation. According to the deal, BIOSYN will manufacture and supply its hemocyanin product formulations, including keyhole limpet hemocyanin, to Celldex. The New Jersey-based biotechnology company develops novel therapeutics for human health care in the United States. Celldex Therapeutics currently has a market capitalization of over $1.25 billion and 89.4 million tradeable shares.
Baxter International Inc.(NYSE:BAX) had a bid price of $65.26 x 500 and an offer price of $73.25 x 1,500 on Oct. 21st, 2014, figures which suggest the company’s value could fluctuate in the future. On Oct. 16th, the company reported its third quarter financial results. The figures, which exceeded Baxter’s guidance, included a net income of $468 million and $0.86 per common share. That being said, those figures are $76 million and $0.13 per common share less than its results for the same period during the previous fiscal year.
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