Top Healthcare Stocks
Healthcare stocks are higher with the NYSE Healthcare Sector
Index rising 0.5% and shares of healthcare companies in the S&P
500 adding 03% as a group.
In company news, Osiris Therapeutics (
) has more than doubled in price today, currently rising nearly
129% at $24.40 a share after earlier rising to a new 52-week high
of $24.75 after saying its Grafix drug candidate performed well
beyond expectations in clinical testing with diabetic patients.
According to the company, 62% of patients receiving Grafix in
the randomized, multi-center study had complete closure of their
foot ulcers often associated with diabetes compared with only 21%
of the patients treated with standardized care.
During the crossover phase of the trial, patients whose wounds
failed to close after 12 weeks of standard care had an 80% closure
rate when switched to Grafix, which contains living mesenchymal
stem cells applied directly to wounds.
In other sector news,
(+) AVNR, Enters exclusive, multi-year deal with Merck (
) to co-promote MRK's type 2 diabetes therapies. The package is
worth up to $60 mln over the next three years, AVNR said.
(-) MDCO, Discloses plans to sell up to 5.5 mln shares of its
common stock through an underwritten public offering of stock.
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