Our Weekly Checkup takes the temperature of the medical device industry’s three largest U.S. clusters: Massachusetts, California and Minnesota.
The MassDevice Indices are weighted according to market capitalization, based on the number of shares outstanding for each company and each Friday’s closing share price.
The Massachusetts index for the week ended April 1, 2011, closed at 5.98, up 2.6 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 35.0 percent.
The Minnesota index for the week ended April 1, 2011, closed at 4.32, up 3.0 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 46.2 percent.
The California index for the week ended April 1, 2011, closed at 9.92, up 1.7 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 133.6 percent.
We also create a composite index of the three regional indices and compare it with four other indices (the S&P 500, the Dow Jones Industrial Average, the Dow’s IHI medical devices index and the NASDAQ exchange):
The Weekly Checkup also compares Monday morning’s opening share prices with their value when the markets close Friday afternoon to calculate the biggest gainers and losers.
The 10 biggest gainers:
- Biopure Corp.: 35.00% (open $0.01; close $0.01)
- Interleukin Genetics Inc.: 10.00% (open $0.40; close $0.44)
- Synovis Life Technologies Inc. : 8.07% (open $19.33; close $20.89)
- Acusphere Inc.: 6.25% (open $0.08; close $0.09)
- NMT Medical Inc.: 6.25% (open $0.16; close $0.17)
- Vision-Sciences Inc. : 4.68% (open $2.35; close $2.46)
- WuXi PharmaTech: 4.26% (open $15.50; close $16.16)
- Dexcom Inc. : 4.09% (open $15.63; close $16.27)
- Endologix Inc. : 3.50% (open $6.85; close $7.09)
- Cardica Inc. : 3.37% (open $3.56; close $3.68)
Sources: Google Finance and Yahoo! Finance.
And the 10 biggest losers:
- Urologix Inc. : -9.38% (open $0.64; close $0.58)
- LeMaitre Vascular Inc.: -5.64% (open $6.74; close $6.36)
- Rochester Medical Corp. : -4.79% (open $11.49; close $10.94)
- Psychemedics Corp.: -4.68% (open $11.12; close $10.60)
- HepaLife Technologies: -4.32% (open $0.19; close $0.18)
- Oculus Innovative Sciences Inc. (Micromed): -4.00% (open $2.00; close $1.92)
- Cambridge Heart Inc.: -3.70% (open $0.27; close $0.26)
- SeraCare Life Sciences: -2.81% (open $3.91; close $3.80)
- Pressure BioSciences Inc.: -2.75% (open $1.09; close $1.06)
- Staar Surgical Company : -2.48% (open $5.64; close $5.50)
Sources: Google Finance and Yahoo! Finance.
Disclaimer: MassDevice.com’s rankings do not reflect an opinion of companies’ health, prospects or viability. They are intended to provide a snapshot of publicly traded medical device companies and in no way constitute a recommendation to buy or sell any particular security, portfolio of securities, transaction or investment strategy.