Health Care Small Cap Stocks Looking, Well, Healthy

Framingham, MA-based HeartWare International Inc.* (NASDAQ:HTWR) develops and manufactures ventricular assist devices for patients suffering from advanced heart failure. Its primary product is the HeartWare® Ventricular Assist System, which includes the HVAD® pump. On June 3rd, the company received a warning letter from the FDA resulting from an inspection of the company’s facilities in Florida. However, the letter does not restrict use of HeartWare’s devices. When we last covered HeartWare, they closed on January 20th at $101.26 with a market cap of $1.67 billion. HTWR closed June 9 at $91.77, up $1.68, with a market cap of $1.53 billion. Its 52 week trading range is $69.31 – $105.84.

BioLife Solutions Inc. (NASDAQ:BLFS), based in Bothell, WA, develops and manufactures hypothermic storage and cryogenic preservation solutions for both cells and tissues. The company’s biopreservation media are protein- and serum-free. Recently, BioLife Solutions announced its first-quarter results, showing 47 percent growth over the first quarter of the year. When we last covered the company, closed December 27th at $0.595 with a market cap of $41.93 million. BLFS closed June 9 at $2.32, down $0.17, with a market cap of $27.14 million. Its 52 week trading range is $1.85 – $23.94.

While we often cover specific industries within the health care sector, health care investors are often concerned with the performance of the market as a whole in addition to specific areas. Investors looking for a market that may continue to show growth for quite some time might wish to investigate the health care industry. After all, it’s looking quite healthy in 2014.

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