Healthcare Closing with Large Advances; Novartis Tapped to Commercialize Anti-Fungal Treatment for EU Markets

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Top Healthcare Stocks

JNJ +1.81%

PFE +1.64%

ABT +3.97%

MRK +1.73%

AMGN +1.18%

Healthcare stocks have turned much higher with the NYSE Healthcare Sector Index gaining 1.5% and shares of healthcare companies in the S&P 500 adding 2.2% as a group.

In company news, Novartis AG ( NVS ) is up 1% at $77.48 a share in late afternoon trading and the drug-maker saying its Sandoz AG generics subsidiary has signed a collaboration agreement with Taiwan Liposome to commercialize its Liposomal Amphotericin B product in the eurozone and U.S. territories.

Amphotericin B is an anti-fungal often used intravenously to treat systemic fungal infections.

In other sector news,

(+) BCRX, Selects two plasma kallikrein inhibitors to advance into preclinical development as potential medications to prevent hereditary angioedema - a rapid swelling of the tissue just below the surface of the skin.

(-) OPXA, Prices offering of 4.12 mln shares at $1.70 apiece, generating about $7 mln in gross proceeds to support continued clinical studies of the company's Tcelna drug candidate in patients with secondary progressive multiple sclerosis.



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This article appears in: Investing , Commodities

Referenced Stocks: NVS

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