Top Healthcare Stocks
Healthcare stocks are moderately higher with the NYSE Healthcare
Sector Index ahead less than 0.1%, while shares of healthcare
companies in the S&P 500 are up about 0.4% as a group.
In company news, Synta Pharmaceuticals Corp. (
) is up 8.8% to $4.19 a share, climbing as high as $4.34 in initial
trade this morning after board member Bruce Kovner disclosed
another big purchase of the drug-maker's stock this week.
According to a new stock ownership statement filed with U.S.
regulators last night, Kosner bought 200,000 shares during
Wednesday's session through a family trust at an average price of
$3.9958 apiece. The purchase increased his overall stake in SNTA to
more than 22.7 mln shares and follows a similar deal earlier this
month when Kovner acquired 2 mln shares at $4.65 apiece, spending
Kovner is the founder and managing partner of Caxton Corp., a
diversified trading and asset management company, and has been a
SNTA board member since July 2002. He previously was a vice
president at Commodities Corp prior to its acquisition by Goldman
In other sector news,
(+) ORMP, (+43.0%) Withdraws proposed public offering of 24 mln
shares filed with securities regulators on Jan. 11, citing market
(-) IDIX, (-28.7%) FDA requests additional pre-clinical safety
information for its IDX209603 drug candidate, putting the start of
clinical testing on hold until it can provide a satisfactory
response to the agency. IDIX recently submitted an Investigational
New Drug application for the prospective treatment for hepatitis
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