October 2009
The G-2 Reports Laboratory Stock Indexs growth slowed a bit as the summer wrapped up. After a few months of five-week double-digit growth, the index was up 3 percent over the past five weeks for the week ended Sept. 18, 2009. However, the 13 publicly traded lab stocks tracked by the index are up 18 percent over the past 13 weeks, and 42 percent so far for full-year 2009, making for a strong end-of-the-summer finish. The Nasdaq and S&P 500 also continue to exhibit impressive strength. For 2009, the Nasdaq is up over 30 percent, while the S&P 500 is up almost 15 percent so far this year. Note that Monogram Biosciences (South San Francisco, Calif.) is no longer included in this monthly analysis, given its acquisition by Burlington, N.C.-based LabCorp.
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