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The MassDevice Weekly Checkup: May 25, 2010

Mon, 05/24/2010 - 6:38pm
Mass Device

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.

MassDevice index Massachusetts

The Massachusetts index for the week ended May 21 closed at 5.70, up 40.2 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 28.7 percent.

MassDevice index Minnesota

The Minnesota index for the week ended May 21 closed at 3.66, down 3.8 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 24.0 percent.

MassDevice index California

The California index for the week ended May 21 closed at 9.29, down 2.9 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 119.0 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):

MassDevice index composite

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 May 21 :

The 10 biggest gainers:

  1. Trimedyne Inc.: 12.9% (open $0.31; close $0.35)
  2. Oculus Innovative Sciences Inc. (Micromed): 11.7% (open $1.97; close $2.20)
  3. Vascular Solutions Inc.: 4.1% (open $10.25; close $10.67)
  4. LeMaitre Vascular Inc.: 3.7% (open $5.10; close $5.29)
  5. Cardiogenesis Corp.: 2.7% (open $0.37; close $0.38)
  6. ICU Medical Inc.: 2.3% (open $31.44; close $32.15)
  7. Biomerica Inc.: 2.1% (open $0.48; close $0.49)
  8. Charles River Laboratories International Inc.: 1.2% (open $31.92; close $32.30)
  9. HeartWare International Inc.: 1.0% (open $54.07; close $54.59)
  10. Ophthalmic Imaging Systems: 0.9% (open $1.08; close $1.09)

Sources: Google Finance and Yahoo! Finance.

arrow-downAnd the 10 biggest losers:

  1. Biopure Corp.: -50.0% (open $0.02; close $0.01)
  2. NMT Medical Inc.: -23.5% (open $3.66; close $2.80)
  3. Enteromedics Inc.: -23.3% (open $0.43; close $0.33)
  4. Cambridge Heart Inc.: -21.9% (open $0.32; close $0.25)
  5. AdvanSource Biomaterials Corp.: -20.0% (open $0.40; close $0.32)
  6. Cynosure Inc.: -19.6% (open $13.19; close $10.60)
  7. Palomar Medical Technologies Inc.: -17.3% (open $12.66; close $10.47)
  8. Patient Safety Technologies Inc.: -17.0% (open $0.88; close $0.73)
  9. Cytori Therapeutics Inc.: -16.9% (open $5.20; close $4.32)
  10. Intraop Medical Corp.: -16.7% (open $0.18; close $0.15)

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.

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