Top Healthcare Stocks
Healthcare stocks are narrowly lower with the NYSE Healthcare
Sector Index falling about 0.2% and shares of healthcare companies
in the S&P 500 down about 0.1% as a group.
In company news, Enzo Biochem Inc. (
) is up more than 12% at $2.50 a share after saying a federal court
judge in Connecticut last week upheld a $48.6-million jury award to
be paid by Applera Corp., now Life Technologies Inc. LIFE shares
are down about 0.1% at $74.78 each.
The Aug. 1 order by U.S. District Court Judge Janet Bond Arteron
turned down a bid by LIFE seeking an alternative ruling on ENZ's
assertion's Applera had infringed on patents covering compounds
used in DNA sequencing systems used to read the genetic code.
According to ENZ, the ruling opens the way for it to recover
prejudgment interest on the damages award, which it estimates could
exceed $25 million in addition to the judgment.
In other sector news,
(+) CGEN, Enters a cancer research partnership with Bayer
(-) ISIS, Prospective rheumatoid arthritis treatment did not
show statistically significant results in a Phase 2 study.
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