Top Healthcare Stocks
Healthcare stocks are mixed this afternoon with the NYSE
Healthcare Sector Index rising about 0.1% and shares of healthcare
companies in the S&P 500 slipping about 0.2% as a group.
In company news, Edwards Lifesciences Corporation today (
) said a federal jury ruled the U.S. patent supporting its Cribier
transcatheter heart valve is valid and that Medtronic's CoreValve
LLC device willfully infringes it.
Edwards said it will move to enforce this verdict and intends to
seek a permanent injunction. The jury also awarded Edwards $394
million in damages, and the willfulness finding allows Edwards to
seek increased damages of up to three times that amount, in
addition to attorneys' fees.
Medtronic said it plans to appeal the Federal District Court
EW was up 2.5% near $72.35 a share but is now more than $1 off
its day high. It is trading in a 52-week range $60.62 - $94.61. MDT
is down 0.1%, but remains near its 52 week high.
In other sector news,
(+) CHTP, FDA advisory panel recommends the company's Northera
medication to treat low blood pressure in patients with Parkinson's
disease and muscular disorders.
(-) RNN, Agrees to sell 19.05 mln equity units in a $20-mln
registered direct offering priced at $1.05 per unit. Each unit has
one share of common stock plus a five-year warrant to buy 0.25 of a
share exercisable at $1.28 per share.
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