Australian biotech market watch 30/09/09

By Staff Writers
Wednesday, 30 September, 2009

A rather flat day on the markets on this last day of September, with the All Ordinaries sitting around the 4,746 mark as of 2:00pm this afternoon and the heath care indices following suit.

Of the Big Three, bionic ear pioneer, Cochlear (ASX:COH) is up a modest 63c to $67.39 and ResMed (ASX:RMD) remains flat at $5.17. CSL (ASX:CSL), which has been in the news of late with controversy over the national rollout of H1N1 vaccines, is down 36c, or 1.1% to $33.39.

Ansell (ASX:ANN) managed to lift by 1.62% to $10.06 in low volume trading after a rather flat couple of weeks.

The only other movers are Fisher & Paykel Healthcare, up 1.9% to $2.69, recovering some of the losses it's experienced since its high of $2.80 at the beginning of September, and Sonic Healthcare, up 38c to $14.24, which is 3.8% for the week.

Eye disease specialist, pSivida (ASX:PVA), dropped 57c to $4.95 after it announced early safety and efficacy results of its drug Iluvien, which proved "promising".

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