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Closing Glance: Biotechnology close lower

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May 2, 2008

NEW YORK—Shares of biotechnology companies closed lower Friday as the broader market gave up earlier gains made on a positive employment report from the federal government.

Here's how several key biotechnology stocks performed Friday:

Amgen Inc., down 30 cents to $42.93.

Biogen Idec Inc., down 2 cents to $62.31.

Genentech Inc., down $1.11 to $67.24.

Gilead Sciences Inc. bucked the trend, adding 63 cents to $53.63.

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