Top Healthcare Stocks
Healthcare stocks turned solidly positive late Monday with the
NYSE Healthcare Sector Index rising about 0.2% while shares of
healthcare companies in the S&P 500 were up over 0.5% as a
In company news, Nordion (NDZ,NDN.TO) rose to a new 52-week high
Monday after Sterigenics boosted its buyout bid by $29 million, now
offering $758 million in cash for the Canadian supplier of medical
Sterigenics, a private-equity backed provider of medical
instrument sterilization services, would now pay $12.25 a share for
NDZ, up $0.50 from its March 28 offer. All other terms of its bid
were unchanged, Sterigenics said.
NDZ shares were ahead 6.7% at $12.36 apiece just before the
close, earlier advancing to a new 52-week high of $12.43 a share.
NDN.TO shares were up 6.5% at C$13.52 each in late trade at the
Toronto stock exchange.
In other sector news,
(+) CYTR, Announces final results from Phase Ib/II testing of
its Aldoxorubicin drug candidate, saying overall survival rates for
patients with soft-tissue sarcomas in the trial nearly doubled to a
median 11 months from 6.4 months in prior testing.
(-) PFE, Q1 revenue fall 8.5% year over year to $11.35 mln,
trailing estimates by around $660 mln. EPS of $0.57 beats by $0.02
per share. Reaffirms in-line FY14 outlook expecting EPS of $2.20 to
$2.30 and $49.2 bln to $51.2 bln in revenue.
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