AMAG Pharmaceuticals Inc
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Health Care : Biotechnology | Small Cap Value
Company profile

AMAG Pharmaceuticals, Inc. is a pharmaceutical company. The Company's segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse. It is engaged in the development of Digoxin immune fab, a polyclonal antibody for the treatment of severe preeclampsia in pregnant women. Makena is a drug indicated to reduce the risk of preterm birth in women pregnant with a single baby having a history of singleton spontaneous preterm birth.

Closing Price
$13.67
Day's Change
0.01 (0.07%)
Bid
--
Ask
--
B/A Size
--
Day's High
13.67
Day's Low
13.61
Volume
(Light)
Volume:
723,563

10-day average volume:
1,312,130
723,563

UPDATE: The coronavirus has given investors a 'once-in-a-lifetime opportunity,' says hedge-fund billionaire

1:45 pm ET July 11, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

'The question is how long will it take to get back to normal?'

That's Marc Lasry, hedge-fund manager and billionaire co-owner of the Milwaukee Bucks, explaining his stance on the investment landscape in a chat Wednesday on Yahoo Finance (https://finance.yahoo.com/news/coronavirus-a-onceinalifetime-opportunity-for-debt-investors-billionaire-marc-lasry-122736571.html).

While stocks should also fare well in the scenario he described, Lasry said it's debt investors like himself who are poised to do "extremely well" making loans to companies that falter.

His $14 billion Avenue Capital firm has capitalized on such struggling brands as Hertz (HTZ), Macy's (M) and J.C. Penney .

"You've got a lot of companies that are in trouble," Lasry explained, comparing what we're seeing in the market now to what happened back during the Great Recession. "It's a once-in-a-lifetime, but it happened 10 years ago, also," he added with a chuckle.

Bankruptcies represent good opportunities to buy from noneconomic sellers or people who need to sell, Lasry told Barron's in an interview last month (http://www.marketwatch.com/articles/bankruptcies-like-hertz-are-a-great-investing-opportunity-hedge-fund-ceo-says-51591997302). That's where Avenue Capital comes in.

"If things turn out, I will do exceptionally well. If a company has to liquidate that's OK, because I'll make money on the liquidation," he said at the time.

Lasry also suggested the economy is better positioned to weather the storm brought on by the coronavirus than it was in the face of the collapse in 2008.

"Today we all know something," he said. "We will be fine in two years. People will be back out, there will be a vaccine. The question is: How long will it take to get back to normal?"

Meanwhile, the stock market continues to hold up nicely in the face of all the uncertainty. At last check, the Dow Jones Industrial Average , Nasdaq Composite and S&P 500 were all trading higher in Wednesday's session.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 11, 2020 13:45 ET (17:45 GMT)

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