Healthcare Stocks Sliding; Cardiome Pharma Surges After Positive Test Results For Atrial Fibrillation Treatment

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CRME,COM.TO,OXBT,SGMO

Top Healthcare Stocks

JNJ -0.70%

PFE -0.79%

ABT -0.32%

MRK -0.52%

AMGN -1.23%

Healthcare stocks are lower, with the NYSE Healthcare Sector Index declining about 0.3% and shares of healthcare companies in the S&P 500 falling about 0.7% as a group.

In company news, Cardiome Pharma Corp. (CRME,COM.TO) is up more than 18% at $3.57 a share, earlier pushing to a new 52-week high of $3.95 after publishing positive data from an open-label study comparing treatment of its vernakalant intravenous treatment to oral doses of propafenone or flecainide in patients with atrial fibrillation.

Patients treated with vernakalant returned to normal sinus rhythm in a median time of 12 minutes compared to 151 minutes for the propafenone group and 162 minutes for the flecainide group.

In other sector news,

(-) OXBT, (-0.7%) Submits results from two sets of animal studies intended to address U.S. Food and Drug Administration concerns over the use of the company's Oxycyte drug candidate in patients with traumatic brain injuries.

(-) SGMO, (-3.3%) Closes public offering of just more than 7 million shares, including 915,000 shares issued to cover underwriter overallotments, priced at $10.58 apiece and generating around $74.2 million in gross proceeds.



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This article appears in: Investing , Commodities

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