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Health Care Sector Update for 06/16/2017: VRX,CLSN,IDXG


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Top Health Care Stocks

JNJ +0.88%

PFE +0.41%

ABT -0.45%

MRK -0.37%

AMGN -0.99%

Health care stocks were mixed Friday, with the NYSE Health Care Index posting a 0.3% advance while shares of health care companies in the S&P 500 were down less than 0.1% as a group.

In company news, Valeant Pharmaceuticals International ( VRX ) advanced Friday, rising nearly 4%, after analysts at Cantor Fitzgerald today began covering the Canadian drugmaker with an Overweight investment rating and an $18 price target.

In other sector news,

(+) CLSN, (+40.0%) Withdraws registration statement for a follow-on Form S-1 public offering of almost 2.5 mln common shares plus warrants to buy up to 4.1 mln additional shares.

(-) IDXG, (-38.4%) Prices $13.8 mln public offering of 12.5 mln shares of common stock at $1.10 apiece, a 28% discount to Thursday's closing price. Deal also includes five-year warrants to buy up to 12.5 mln more shares and exercisable at $1.25 a share.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , US Markets
Referenced Symbols: VRX , CLSN , IDXG


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