Zimmer Holdings Inc. (NYSE:ZMH) surged 12% after the orthopedic device maker said it would buy Biomet Inc. in a cash-and-stock deal worth $13.35 billion. The deal, which includes Zimmer’s assumption of Biomet debt, is an attempt to set the firm up as a leader in the musculoskeletal industry. Biomet had filed for an initial public offering earlier this year. Zimmer Holdings, Inc. (NYSE:ZMH) shares after opening at $107.00 moved to $108.33 on last trade day and at the end of the day closed at $101.97 . Company price to sales ratio in past twelve months was calculated as 3.72 and price to cash ratio as 9.51. Zimmer Holdings, Inc. (NYSE:ZMH) showed a positive weekly performance of 11.36%.
Kenneth B. Lee, Jr., a member of the Board of Directors of POZEN Inc. (NASDAQ:POZN) and Chairman of the Compensation Committee of the Board, sent a letter to certain POZEN stockholders to apprise them of certain undertakings of the Compensation Committee of the Board relating to POZEN’s annual meeting of stockholders, scheduled for June 4, 2014. POZEN Inc. (NASDAQ:POZN) shares advanced 4.12% in last trading session and ended the day on $9.60. POZN return on equity ratio is recorded as -27.40% and its return on assets is -23.4%. POZEN Inc. (NASDAQ:POZN) yearly performance is 135.87%.
iBio, Inc. (NYSEMKT:IBIO), a leader in plant-based biotechnology for developing and manufacturing biological products, reported the allowance of a Chinese patent on its lichenase fusion protein technology for therapeutic proteins and vaccines. Ibio Inc (NYSEMKT:IBIO) shares moved up 18.79% in last trading session and was closed at $0.511 while trading in range of $0.45 – $0.54. Ibio Inc (NYSEMKT:IBIO) year to date (YTD) performance is 50.24%.
On last trading day company Shares of Quidel Corporation (NASDAQ:QDEL) hit a new 52-week low on Thursday after the company announced weaker than expected quarterly earnings, American Banking News reports. Quidel Corporation (NASDAQ:QDEL) distance from 50-day simple moving average (SMA50) is -21.22%. Analysts mean target price for the company is $30.25. Healthcare Unusual Volume: Zimmer Holdings, Inc. (NYSE:ZMH), POZEN Inc. (NASDAQ:POZN), Ibio Inc (NYSEMKT:IBIO), Quidel Corporation (NASDAQ:QDEL)
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