Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

12/14/16

Good news for people with knee pain. Drug company, Vericel (VCEL) saw its shares jump 57% after the FDA has approved its treatment of symptomatic cartilage defects of the knee in adults, or MACI. The treatment of articular cartilage defects in the knee is challenging because articular cartilage in adults has minimal capacity to repair itself. While orthopedic surgeons have long understood that autologous chondrocyte implantation can regenerate cartilage tissue, the previous surgical procedure was technically complex and time consuming, and the indicated patient population was limited. MACI is the first product to show a statistically significantly greater improvement in pain and function scores compared to microfracture, a commonly performed alternative surgical treatment for cartilage repair.

 

General Motors (GM) caught between Trump and China. Trump has made some harsh comments toward China and our trade unbalances. China may be firing back warning that a penalty for monopolistic behavior will soon be issued against a U.S. automaker for impeding competition. China Daily didn't name any U.S. automaker, but Wall Street thinks its GM with the stock dropping 4% today verse Ford down only 1.8%. It may get tougher for US companies in China going forward.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.