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 Sept. 10 closed at 5.59, up 2.5 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 26.1 percent.
The Minnesota index for the week ended Sept. 10 closed at 3.23, down 13.0 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 9.4 percent.
The California index for the week ended Sept. 10 closed at 8.06, down 0.2 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 90 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.
Here are the 20 firms that posted the biggest share price gains and losses during the week ended Sept. 10:
The 10 biggest gainers:
- Viking Systems Inc.: 41.76% (open $0.26; close $0.37)
- Cardima Inc.: 26.67% (open $0.30; close $0.38)
- AdvanSource Biomaterials Corp.: 24.00% (open $0.25; close $0.31)
- Trimedyne Inc.: 18.06% (open $0.14; close $0.17)
- Biopure Corp.: 17.65% (open $0.02; close $0.02)
- Pro-Dex Inc.: 17.32% (open $1.79; close $2.10)
- Cerus Corp.: 15.24% (open $3.15; close $3.63)
- Vision-Sciences Inc.: 12.98% (open $1.31; close $1.48)
- Interleukin Genetics Inc.: 12.83% (open $0.27; close $0.299)
- Emergent Group Inc.: 11.22% (open $5.26; close $5.85)
Sources: Google Finance and Yahoo! Finance.
And the 10 biggest losers:
- Argonaut Technologies Inc.: -27.14% (open $0.0070; close $0.0051)
- Intraop Medical Corp.: -26.32% (open $0.10; close $0.07)
- Quick-Med Technologies Inc.: -22.22% (open $0.90; close $0.70)
- Imaging3 Inc.: -16.56% (open $0.41; close $0.34)
- Brooks Automation Inc.: -15.05% (open $6.51; close $5.53)
- Biolase Technology Inc.: -11.78% (open $0.85; close $0.75)
- Angeion Corp.: -8.26% (open $4.48; close $4.11)
- Caliper Life Sciences: -7.73% (open $3.62; close $3.34)
- Hypertension Diagnostics Inc.: -7.27% (open $0.11; close $0.102)
- American Shared Hospital Services: -6.19% (open $3.07; close $2.88)
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.
