Healthcare Stocks Rising Today; Unilife Tumbles Over 14%, Touches Below $3 After Harsh Forbes Assessment


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Top Healthcare Stocks

JNJ +0.9%

PFE +1.5%

ABT +2.1%

MRK +1.3%

AMGN +1.5%

Healthcare stocks are higher with the NYSE Healthcare Sector Index rising 0.8% and shares of healthcare companies in the S&P 500 are ahead 1.2% as a group.

In company news, Unilife ( UNIS ) is taking a beating today, with shares falling over 14% and touching below $3 apiece following a negative report in Forbes magazine calling the drug-maker a "parable of broken promises."

The article, "How is a $329 million syringe company still unprofitable after 11 years," appears in Forbes' Sept. 23 issue and brands the firm as being a "triumph of story over substance."

In other sector news,

(+) SRDX, (+1.5%) Cuts seven employees, or about 6% of its current workforce as part of company-wide realignment. Drug-eluding technology firm expects to take a one-time, pre-tax charge of $0.02 per share against it Q4 earnings.

(-) VVUS, (-7.1%) JMP Securities drops stock to Market Perform from Outperform, citing possible problems stemming from Anthony Zook stepping down as CEO of the drug-maker just weeks after being hired due to health problems.

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

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This article appears in: Investing , Commodities


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