Healthcare Stocks Still Higher Near Closing Bell; Regado Biosciences Jumps Nearly 20% in Market Debut

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Top Healthcare Stocks

JNJ -0.45%

PFE -0.15%


ABT +0.19%

MRK +1.05%

AMGN +1.76%

Healthcare stocks are mostly higher with the NYSE Healthcare Sector Index gaining 0.3% and shares of healthcare companies in the S&P 500 climbing 0.5% as a group.

In company news, Regado Biosciences Inc. ( RGDO ) is up 18.8% at $4.75 a share in its market debut after earlier pricing an initial public offering of 10.7 million shares at $4 apiece.

The IPO for the cardiovascular treatment company differed significantly from its original plans. The company in early May disclosed plans to sell around 5 million shares at $14 to $16 each; that was later revised to 8.4 shares priced at $5 apiece.

Share action for the Nasdaq Capital Markets-listed stock was caught up in the three-hour trading halt for the Nasdaq exchange, with just over 212,000 shares changing hands through mid-day before trading was suspended.

In other sector news,

(+) CYTK, Phase II trial data find its tirasemtiv drug candidate is well-tolerated in patients with Amyotrophic lateral sclerosis, or ALS.

(+) ONXX, Reportedly agrees to give potential buyers, including Amgen ( AMGN ), access to trial data for its new cancer drug, removing a key hurdle that's been holding up deal talks.



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

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: AMGN , RGDO

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