Healthcare stocks are set to close moderately higher today with
the NYSE Healthcare Sector Index gaining about 0.2% and shares of
healthcare companies in the S&P 500 rising 0.1% as a group.
In company news, Unilife (
) is up more than 12% at $2.94 after the maker of injectable
drug-delivery devices Monday signed a supply agreement with
AstraZeneca plc's (
) biologics unit.
Under the agreement, UNIS will supply the MedImmune unit with
customized devices from its ReadyToGo group of wearable injectors
with MedImmune expected to use the devices with several of its
UNIS said its expects the deal to begin generating revenue
starting in Q1 of 2014. Additional financial terms weren't
disclosed. AZN shares are down nearly 1% in late afternoon
In other sector news,
(+) VPHM, Agrees to $4.2 billion buyout from Shire plc (
), with shareholders receiving $50 per share in cash. SHPG shares
also are 0.3% higher.
(-) MDRX, Reports Q3 adjusted earnings of $0.05 per share,
trailing analyst estimates by $0.03. Revenue declined 8.6% year
over year to $330 million, missing the FactSet consensus call by
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