Top Healthcare Stocks
Healthcare stocks are lower with the NYSE Healthcare Sector
Index declining about 0.4% and shares of healthcare companies in
the S&P 500 falling about 0.6% as a group.
In company news, Benefitfocus Inc. (
) is down about 2.3% in late trade at $49.75 a share and the
cloud-based healthcare insurance platform saying it has closed its
initial public offering of 4.935 million shares of its common stock
priced at $26.50 apiece, generating around $131 million in gross
BNFT sold 3 million shares in the IPO, pocketing about $70.6
million in net proceeds, with early investors selling the remaining
1.935 million share. The company expect to use its proceeds for
working capital and general corporate purposes, including executing
on its growth strategy and developing new products and
In other sector news,
(+) CRME, Publishes 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
(-) SGMO, Closes public offering of just over 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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