Top Healthcare Stocks
Healthcare stocks were higher Thursday with the NYSE Healthcare
Sector Index climbing 1.4% and shares of healthcare companies in
the S&P 500 ahead nearly 1.8% as a group.
In company news, Dicerna Pharmaceuticals Inc. (
) shares have nearly tripled in value during their first day of
public trading after the genetics company earlier today priced an
upsized initial public offering of stock.
Shares opened at $30.00 each, double the initial pricing for the
company's offering of 6 million shares. The IPO also priced at a
25% premium to the $11 to $13 range the company and underwriters
had expected last week. The deal rose $90 million in gross
proceeds, which DRNA plans to use to fund development of drugs to
treat cancer and liver disease based on its gene-silencing RNA
Shares were fetching $42.76 each with less than 20 minutes left
in the session today.
In other sector news,
(+) ALXN, Q4 EPS of $0.87 per share, ex items, beat expectations
by $0.04. Revenue climbs 37.9% year over year to $441.9 mln,
topping the Street view by $11.23 mln. FY14 earnings guidance
exceeds Capital IQ consensus by at least $0.28 per share. Revenue
is seen in a range of $2 bln to $2.02 bln, topping estimates by $40
(-) CELG, Earns $1.51 in Q4, missing analyst estimates by $0.03.
Revenue rises 21.4% over same quarter last year to $1.76 bln,
beating expectations by around $40 mln. Reiterates FY14 guidance:
EPS of $7.00 to $7.20 on around $7.5 bln in revenue. Analysts, on
average, are expecting a $7.25 profit on $7.51 bln in revenue.