Healthcare Stocks Climbing in Afternoon; Regulus Rises on Q3 Results, HPV Drug Prospects

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Healthcare stocks are higher this afternoon, with the NYSE Healthcare Sector Index adding 0.4% and shares of healthcare companies in the S&P 500 rising 0.6% as a group.

In company news, Regulus Therapeutics ( RGLS ) is holding a 4.7% advance, with shares adding 28 cents to reach $6.18 this afternoon after the drug-maker reported a Q3 net loss of $0.07 per share, half the $0.14 per share loss that analysts, on average, were expecting.

Revenue rose 118% year over year to $6.1 million, also crushing Street expectations by $2.7 million.

RGLS also is picking up support after saying it expects to soon file the regulatory applications for its RG-101 drug candidate, with clinical studies in human patients for the prospective hepatitis C treatment expected to begin early next year.

In other sector news,

(+) CGIX, (+10.8%) Narrows Q3 net loss to $0.61 per share compared with a $2.23 loss in the year-ago period. Revenue climbs 37% year over to $1.7 mln while test volumes jump 71% to 2920 diagnostic procedures during the quarter.

(-) THRX, (-0.4%) Tables Phase II testing of its TD-9855 drug candidate after the prospective treatment for Attention-Deficit/Hyperactivity Disorder in adult patients failed to reduce symptoms. Testing in patients with fibromyalgia will continue, however.



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