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Orbimed names Israel venture partners

The $5.5b US investment firm is expected to bid for Israel’s biomed fund tender.

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Tue: Biomed Index jumps 2.7% on launch

Biomed companies helped lift the TASE today, as Given Imaging rose, and Compugen, Clal Biotech, and BiolineRX soared. Kamada was one of the few biomed party-poopers.

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Wed: Market stumbles near all-time high

Trading was mixed today after two days of rises, with the banks notably weak, but the new Biomed Index powered on.

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Thu: Tel Aviv 25 up 4.1% for week

In a positive end to a very positive week, Mizrahi-Tefahot was today’s outstanding advancer, while the newly launched Biomed Index rose again.

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Avner tops Tel Aviv 25 stocks in 2010

The Oil and Gas Exploration Index rose 53.9% over the year; the Biomed Index fell 18.4%.

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