Healthcare Stocks Just Underwater at Close; Achillion Pharma Nearing Human Trials For Hepatitis C Drug

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Top Healthcare Stocks

JNJ -0.96%

PFE +0.54%


ABT -1.19%

MRK +0.98%

AMGN -0.50%

Healthcare stocks are just slightly lower with the NYSE Healthcare Sector Index retreating less than 0.1% and shares of healthcare companies in the S&P 500 falling about 0.1% as a group.

In company news, Achillion Pharmaceuticals Inc. ( ACHN ) is finishing with a nearly 9% advance at $2.72 a share and the drug-maker earlier today it expects to soon complete preclinical work needed to begin first-in-human trials with its ACH-3422 drug candidate - an uridine-analog nucleotide prodrug and prospective treatment for chronic hepatitis C.

The company today also reported a Q3 net loss of $15.3 million, or $0.20 per share, matching analyst expectations for the quarter. It finished the quarter with about $173.1 million in cash and equivalents.

In other sector news,

(+) VNDA, FDA concludes the company's Tasimelteon drug candidate is effective treating Non-24-Hour disorder in the total blind, the first treatment since the disorder was identified in 1948.

(-) SRPT, FDA pulls the company's Eteplirsen drug candidate off the fast track for approval, citing "considerable doubts" about results from a small Phase II study of the prospective treatment for Duchenne muscular dystrophy.



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: ACHN

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