Healthcare Business Review: Streamline Shares Soar, XOMA Begins Tests
Shares of Streamline Health Solutions (NASDAQ:STRM) hit a new 52-week high Thursday morning, perhaps driven by new insider buying. The stocks are continuing their run of more than 210 percent which started early in May.
XOMA (NASDAQ:XOMA) reports that its partner, Servier, has initiated phase 3 clinical trials of Gevokizumab, which are aimed at testing the efficacy and safety of the medication in the treatment of patients suffering from Behçet’s Disease uveitis.
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Life Technologies Corporation (NASDAQ:LIFE) wins FDA clearance for its OpTmizer T-Cell growth medium for use in clinical trials. The product was designed to efficiently grow large numbers of potentially therapeutic T-cells, which have indicated promise in clinical studies as an effective treatment for diseases among which include autoimmune disorders, cancer, and infectious diseases such as AIDS.