Top Healthcare Stocks
Healthcare stocks are mostly lower with the NYSE Healthcare
Sector Index slipping about 0.4% and shares of healthcare companies
in the S&P 500 declining about 0.2% as a group.
In company news, ArQule Inc. (
) is up more than 10% at $2.60 a share shortly before the closing
bell and the drug-maker saying the data monitoring committee
overseeing Phase III testing of its tivantinib drug candidate
recommending continuation of the trial using a loser dose of the
drug in patients with hepatocellular carcinoma and non-small cell
ARQL said the decision followed the panel's analysis of data
from patients receiving a smaller, 120-milligram tivantinib tablets
twice daily, with that subgroup showing fewer signs of neutropenia,
which causes abnormally low counts of white blood cells. Patients
in the study have been subject to additional safety monitoring
measures since September following reports of neutropenia in some
In other sector news,
(+) RTRX, SAC Capital discloses 5.6% passive stake, with the
investment fund managed by Steven Cohen now owning 1.29 million
shares. Broadfin Capital also reports 6.93% stake with nearly 1.61
million shares, according to new 13G filings with regulators.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.