Biggest Healthcare Stocks Losers are CRDC, ABIO, NUVA
Healthcare Stocks
Dallas, TX 12/01/2009 04:26 PM GMT (TransWorldNews)
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Cardica, Inc. (NASDAQ:CRDC) plunges 6.96% to $1.07. The stock hit an intraday high and an intraday low of $1.11 and $1.07 respectively. In the last six months the stock went down over 23%. Cardica, Inc. designs, manufactures and markets automated anastomotic systems used by cardiac surgeons to perform coronary bypass surgery. The Company’s business also includes the development of an endoscopic microcutter intended for use by general, thoracic, gynecologic, bariatric and urologic surgeons.
ARCA biopharma, Inc. (NASDAQ:ABIO) plunges 4.62% to $2.89. The stock hit an intraday high and an intraday low of $3.04 and $2.79 respectively. In the last six months the stock went down over 43%. ARCA biopharma, Inc. formerly Nuvelo, Inc. is a biopharmaceutical company focused on developing genetically-targeted therapies for heart failure and other cardiovascular diseases.
NuVasive, Inc. (NASDAQ:NUVA) plunges 6.63% to $30.30 on 1.20 million shares as JMP Securities gave the Medical Instruments & Supplies industry some bad news as it announced that the company was downgraded from Market Outperform to Market Perform. NuVasive, Inc. is a medical device company focused on the design, development and marketing of products for the surgical treatment of spine disorders. The Company’s principal product offering includes a minimally disruptive surgical platform called Maximum Access Surgery (MAS), as well as an offering of cervical, biologics and motion preservation products.
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