Healthcare Stocks Narrowly Mixed in Late Trade; DepoMed Edges Higher After $0.02 EPS Beat in Q3

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Healthcare stocks are mixed in late trade today with the NYSE Healthcare Sector Index ahead about 0.2% while shares of healthcare companies in the S&P 500 are down 0.4% as a group this afternoon.

In company news, DepoMed Inc. ( DEPO ) remains narrowly higher shortly before the closing bell, with shares rising 0.8% to $7.49 each and the specialty drug-maker reporting Q3 earnings of $0.11 per share, exceeding Wall Street expectations by $0.02.

Revenue rose 12.6% over the same quarter last year to $37.5 million, beating the Capital IQ consensus by $1.34 mln.

In other sector news,

(+) OXGN, Said its Zybrestat drug candidate showed statistically significant differences between the treatment and control arms in pre-clinical testing using a model of pancreatic neuroendocrine tumors.

(-) NAVB, Q3 loss of $0.09 per share is $0.01 wider than the Capital IQ consensus. Reports $400 mln in quarterly revenue, also lagging expectations by around $70,000.



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