The Day In Review: Biotech Closes Week With Rally

January 14, 2005 -- Ending the week with a rally, the Centient Biotech 200 gained .87% today, rising 29.2 points to 3366.78. That was stronger than broad market averages. Volume and volatility were low as traders left early for the 3-day weekend. We take a look at Maxygen, which moved up 10% on no news, Ligand, which got a strategic upgrade, and Epix, which took at 27% haircut after the FDA issued an “approvable” letter and asked for more data on MS-325.