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[QUOTE]Originally posted by IMAKEMONEY: [QB] Drug stocks mixed, stem cell companies gain By Val Brickates Kennedy Jan 5, 2007 10:37:00 (ET) BOSTON (MarketWatch) -- Drug stocks were mixed in early action Friday while shares of companies focused on stem cell research rallied for a second day on hopes the newly-Democratic Congress will make good on its promise to increase federal funding for that area of research. The DJ Wilshire Pharmaceutical Index eased 0.2% to 2392.45 and the DJ Wilshire Biotechnology Index was relatively flat at 3210.56 during a relatively placid morning for the sectors on Wall Street. Stem cell researchers were up again for the second day, having been on a roll since the Democrats officially took control of Congress on Thursday. The new Democratic leadership has pledged to reintroduce legislation early this year that would lift certain restrictions on the federal funding of embryonic stem cell research that were put in place by the Bush administration earlier this decade. President Bush has said he would veto the legislation, as he has in the past. Aastrom Biosciences (ASTM, Trade ) shares hopped 4% to $1.45, while StemCells Inc. (STEM, Trade ) stock rose 6% to $3.29. Shares of Advanced Cell Technology (ACTC, Trade ) jumped 7% to 73 cents a share. Set Alerts Create your Personalized SmartAlerts here. Quotes To get interactive quotes within this page, download Flash now [/QB][/QUOTE]
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