How These Healthcare Stocks are Faring? -- Wright Medical, Varian Medical Systems, MiMedx, and WaferGen Bio-systems

Wednesday, November 23, 2016 General News
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NEW YORK, November 23, 2016 /PRNewswire/ --

In today's pre-market research, follows the performances

of Wright Medical Group N.V. (NASDAQ: WMGI), Varian Medical Systems Inc. (NYSE: VAR), MiMedx Group Inc. (NASDAQ: MDXG), and WaferGen Bio-systems Inc. (NASDAQ: WGBS). These companies belong to the Healthcare sector, which finished slightly above its session
lows on Tuesday, November 22, 2016. As per an article on the NASDAQ, the NYSE Health Care Index fell 1.7%, while shares of health care companies in the S&P 500 dropped more than 1.5% as a group. Register now and get full and free access to our downloadable research reports on these stocks at:

Wright Medical Group  

Amsterdam, the Netherlands headquartered Wright Medical Group N.V.'s stock finished Tuesday's session 1.86% lower at $23.19 with a total trading volume of 512,046 shares. Shares of the Company, which designs, manufactures, markets, and sells orthopedic products in the US, Europe, and internationally, are trading 13.29% above their 200-day moving average. The stock has a Relative Strength Index (RSI) of 51.59.

On November 02nd, 2016, Wright Medical announced that on November 1st, 2016, its wholly owned subsidiary Wright Medical Technology, Inc. entered into a Master Settlement Agreement (MSA) with Court-appointed attorneys representing plaintiffs in the previously disclosed metal-on-metal hip multi-district litigation known as In Re: Wright Medical Technology, Inc., CONSERVE® Hip Implant Products Liability Litigation, MDL No. 2329 (MDL). Under the terms of the MSA, the parties agreed to settle 1,292 specifically identified CONSERVE, DYNASTY or LINEAGE revision claims which meet the eligibility requirements of the MSA and are either pending in the MDL or JCCP, or are subject to tolling agreements approved in the MDL or JCCP, for a total settlement amount of $240 million. Access our complete research report on WMGI for free at:

Varian Medical Systems  

On Tuesday, shares in Palo Alto, California headquartered Varian Medical Systems Inc. recorded a trading volume of 637,667 shares. The stock ended the session 0.37% higher at $89.99. The Company's shares have advanced 11.37% on an YTD basis. The stock is trading 3.28% above its 200-day moving average. Moreover, shares of Varian Medical Systems, which designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions worldwide, have an RSI of 45.17.

On November 21st, 2016, Varian Medical Systems announced that its board of directors has authorized the company to repurchase an additional 8 million shares of its common stock, commencing on January 1st, 2017.  The company has 4 million shares remaining in an existing 8 million share repurchase authorization that ends on December 31st, 2016. The complimentary research report on VAR can be downloaded at:

MiMedx Group  

Shares in Marietta, Georgia headquartered MiMedx Group Inc. closed the day 0.51% lower at $9.79. The stock recorded a trading volume of 450,566 shares. The Company's shares have gained 13.44% in the last month, 35.22% in the previous three months, and 4.48% on an YTD basis. The stock is trading 11.06% above its 50-day moving average and 20.86% above its 200-day moving average. Additionally, shares of MiMedx, which develops, processes, and markets patent protected and proprietary regenerative biomaterial products and bioimplants processed from human amniotic membrane and other birth tissues, and human skin and bone, have an RSI of 63.44.

On November 03rd, 2016, MiMedx announced that with the online publication of USP 40 - NF 35, its dehydrated human amnion/chorion membrane (dHACM) allografts will now be recognized in an official USP-NF monograph (official from May 1st, 2017). The United States Pharmacopeia (USP) and The National Formulary are the public pharmacopeia standards for drug substances, dosage forms, excipients, compounded preparations, dietary supplements, and medical devices.

On November 08th, 2016, research firm Aegis Capital initiated a 'Buy' rating on the Company's stock. Register for free on and get access to the latest PDF format report on MDXG at:

WaferGen Bio-systems  

At the close, shares in Fremont, California headquartered WaferGen Bio-systems Inc. ended the day at $0.90, which was a decline of 1.21%. The stock recorded a trading volume of 333,695 shares, which was above its three months average volume of 217,150 shares. The Company's shares have advanced 23.14% in the last one month and 23.29% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.54% and 13.87%, respectively. Furthermore, shares of WaferGen Bio-systems, which develops, manufactures, and sells systems for single-cell analysis and clinical research in the US, Canada, Europe, and the Asia/Pacific, have an RSI of 58.98.

On November 15th, 2016, WaferGen Bio-systems announced that its stockholders have approved the adoption of the previously announced merger agreement by and among WaferGen, Takara Bio USA Holdings, Inc. and certain other parties thereto. The merger is expected to close in Q1 2017. Download your free research report on WGBS at:


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