Our Weekly Checkup takes the temperature of the medical device industry’s three largest U.S. clusters: Massachusetts, California and Minnesota.

The MassDevice Indices are weighted according to market capitalization, based on the number of shares outstanding for each company and each Friday’s closing share price.

The Massachusetts index for the week ended May 28 closed at 5.84, up 2.5 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 31.9 percent.

The Minnesota index for the week ended May 28 closed at 3.88, up 31.3 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 5.9 percent.

The California index for the week ended May 28 closed at 8.67, down 6.7 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 104.3 percent.

We also create a composite index of the three regional indices and compare it with four other indices (the S&P 500, the Dow Jones Industrial Average, the Dow’s IHI medical devices index and the NASDAQ exchange):

The Weekly Checkup also compares Monday morning’s opening share prices with their value when the markets close Friday afternoon to calculate the biggest gainers and losers.

Here are the 20 firms that posted the biggest share price gains and losses during the week ended May 28:

The 10 biggest gainers:

1. Intraop Medical Corp.: 91.7% (open $0.12; close $0.23)
2. Quick-Med Technologies Inc.: 37.5% (open $0.80; close $1.10)
3. Cambridge Heart Inc.: 23.1% (open $0.26; close $0.32)
4. Cardiogenesis Corp.: 19.4% (open $0.31; close $0.37)
5. Thermage Inc. (Solta Medical Inc.): 19.2% (open $2.19; close $2.61)
6. NxStage Medical Inc.: 16.0% (open $12.06; close $13.99)
7. Cerus Corp.: 14.9% (open $2.75; close $3.16)
8. Pressure BioSciences Inc.: 14.2% (open $1.48; close $1.69)
9. NeuroMetrix Inc.: 14.2% (open $1.13; close $1.29)
10. Patient Safety Technologies Inc.: 12.3% (open $0.73; close $0.82)

Sources: Google Finance and Yahoo! Finance.

And the 10 biggest losers:

1. Edwards Lifesciences Corp.: -48.3% (open $97.76; close $50.53)
2. Argonaut Technologies Inc.: -33.8% (open $0.02; close $0.01)
3. Trimedyne Inc.: -17.1% (open $0.35; close $0.29)
4. Acusphere Inc.: -12.5% (open $0.08; close $0.07)
5. Biomerica Inc.: -10.2% (open $0.49; close $0.44)
6. World Heart Inc.: -9.2% (open $2.72; close $2.47)
7. Interleukin Genetics Inc.: -8.0% (open $0.50; close $0.46)
8. Oculus Innovative Sciences Inc. (Micromed): -7.4% (open $2.16; close $2.00)
9. AdvanSource Biomaterials Corp.: -6.3% (open $0.32; close $0.30)
10. HepaLife Technologies: -5.9% (open $0.17; close $0.16)

Sources: Google Finance and Yahoo! Finance.

Disclaimer: MassDevice.com’s rankings do not reflect an opinion of companies’ health, prospects or viability. They are intended to provide a snapshot of publicly traded medical device companies and in no way constitute a recommendation to buy or sell any particular security, portfolio of securities, transaction or investment strategy.

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