A couple of pharma stories broke after the bell last night that could impact trade today.
Immucor (BLUD) said late yesterday its first fiscal quarter earnings were flat, at $21.4 million, or $0.30 per share, compared to $21.3 million, or $0.30 per share, in the same quarter last year.
Revenue ticked slightly higher, to $83.6 million this quarter from $83.1 million last year.
Earnings per share were in-line with estimates, but revenue fell below expectations.
Immucor's fiscal 2011 forecast of $1.08 to $1.18 per share in earnings is well below expectations as well.
Also late yesterday, InterMune (NASDAQ:ITMN) said it sold worldwide development and commercialization rights for the experimental hepatitis C drug danoprevir to Roche for $175 million in cash.
The agreement ends the collaboration agreement between InterMune and Roche on the drug that began in 2006.
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