Top Healthcare Stocks
Healthcare stocks are higher, with the NYSE Healthcare Sector
Index climbing 0.5% and shares of healthcare companies in the
S&P 500 rising 0.3% as a group.
In company news, eHealth (
) is up nearly 29% at $30.72 a share, earlier climbing to a new
52-week high of $31.34 after striking a deal with the U.S.
government on key requirements allowing the company to enroll
residents in 36 states who are eligible for a tax subsidy in
qualified health insurance plans under the Affordable Care Act.
EHTH through the deal gains access to the Federal electronic
data hub, necessary for a determination of tax subsidy eligibility
and the amount of a subsidy.
The company already has enrolled over 3 million individuals in
coverage since it sold the first health insurance policy online in
1998. Of these, around 40% were uninsured before they came to
In other sector news,
(+) BCRX, (+6.9%) Announces plans to sell up to $20 million in
new stock, with proceeds to be used to fund clinical development of
its BCX4161 drug candidate as well as work on other
(-) NUVA, (-12.9%) Q2 adjusted earnings of $0.20 per share miss
analyst projections by $0.03 worse than the Capital IQ Consensus
Estimate of $0.23; revenues rose 7.3% year/year to $165.7 mln vs
the $161.67 mln consensus.
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