BiotechSectorInvesting.com

Amarin AMRN Stock Price Jumps On AMR101 News

Shares of Amarin Corp. jumped 64.79% after the company announced positive preliminary developments from a Phase III clinical trial for AMRN's omega-3 compound AMR101.

A research note by analysts at Canaccord Genuity stated that AMRN's AMR101 appears to have a superior efficacy and safety profile than Lovaza.  Lovaza, product of GlaxoSmithKline (GSK), is the only omega-3 treatment for high triglycerides currently approved by the FDA.

AMRN stock price closed at $5.85 a share, a gain of nearly 65%.

Amarin Corp AMRN stock price quote chart

First Trust NYSE Arca Biotech Index ETF

The First Trust NYSE Arca Biotech Index ETF is designed to replicate the price and yeld performance (before fees and expenses) of the NYSE Arca Biotechnology index.

The ETF trades under the symbol FBT and includes the following holdings and components:

Genzyme Corporation GENZ 6.49

Human Genome Sciences, Inc. HGSI 5.82

Life Technologies Corporation LIFE 5.61

Affymetrix, Inc. AFFX 5.48

Dendreon Corporation DNDN 5.48

Alexion Pharmaceuticals, Inc. ALXN 5.36

Amylin Pharmaceuticals, Inc. AMLN 5.33

Myriad Genetics, Inc. MYGN 5.32

First Trust NYSE Arca Biotech Index ETF FBT

iShares Nasdaq Biotechnology ETF

The iShares Nasdaq Biotechnology ETF is designed to track the performance of the stocks contained in the NASDAQ Biotechnology Index.  The ETF trades under the symbol IBB. 

All companies within the index are listed on the NASDAQ and the index of biotech and pharma stocks is updated with changes on a semi-annual basis.

Prior to the market open on Monday, November 22, 2010 five new securities will be added to the  NASDAQ Biotechnology Index.

AVI BioPharma, Inc. (Nasdaq:AVII)

Avanir Pharmaceuticals, Inc. (Nasdaq:AVNR)

Caliper Life Sciences, Inc. (Nasdaq:CALP)

Ironwood Pharmaceuticals, Inc. (Nasdaq:IRWD)

Ardea Biosciences, Inc. (Nasdaq:RDEA)

iShares Nasdaq Biotechnology ETF IBB

Biotech HOLDRs ETF

The Biotech HOLDRs ETF (stock symbol BBH) provides exposure to stocks across the biotechnology sector.

The top components for the Biotech HOLDRs ETF:

Amgen Inc.    AMGN    36.89%
Gilead Sciences, Inc.    GILD    22.66%
Biogen Idec Inc    BIIB    16.16%
Genzyme Corporation    GENZ    10.64%
SHIRE    SHP.L    5.01%
Life Technologies Corporation    LIFE    4.29%
Human Genome Sciences, Inc.    HGSI    2.61%
Alkermes, Inc.    ALKS    0.59%
Enzon Pharmaceuticals, Inc.    ENZN    0.35
  

Biotech HOLDRs ETF