Healthcare Stocks Ending With Broad Gains; Stereotaxis Rises After Completing Clinical Trial of Surgical Device

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Healthcare stocks are rising today with the NYSE Healthcare Sector Index up nearly 1.2% and shares of healthcare companies in the S&P 500 gaining 1.1% as a group.

In company news, Stereotaxis Inc. ( STXS ) rose as much as 31% today after saying it has completed clinical testing required for FDA acceptance of the company's Vdrive Robotic navigation system with V-Loop circular catheter manipulator.

Results of the 120-patient study conducted at three Stereotaxis sites in the U.S. and two in Europe will be included in a 510(k) Premarket Notification STXS expects to submit to agency before the end of March.

STXS shares were up about 16.3% in late trade at $4.65 after earlier rising to an intra-day high of $5.24 a share.

In other sector news,

(+) EPZM, Earns $25 mln milestone payment from Celgene ( CELG ) after achieving proof of concept with the EPZ-5676 DOT1L inhibitor clinical program now in Phase I testing in patients with translocations of the MLL gene. CELG also rose today.

(-) SRPT, Continued weakness after a Citigroup analyst yesterday questioned whether the company's drug for Duchenne muscular dystrophy eventually will be approved by U.S. regulators. The stock fell 8% yesterday.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: CELG , STXS

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