Healthcare Stocks Still In Hole Near Close; Prothera Adds Over 10% After Pricing Secondary Offering

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Top Healthcare Stocks

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MRK -1.29%

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Healthcare stocks were down Wednesday with the NYSE Healthcare Sector Index down about 1.0% and shares of healthcare companies in the S&P 500 also losing around 1.0% as a group.

In company news, Prothena ( PRTA ) shares added over 10% today after the biotech company priced an underwritten public offering of 2.77 million shares of its common stock at $26 apiece.

All of the shares were being sold by Elan Science One Ltd, an indirect wholly owned subsidiary of Perrigo Company plc. Elan also has granted 30-day option to underwriters to purchase up to 415,076 additional shares to cover possible over-allotments.

In other sector news,

(+) MDVN, Said its Enzalutamide drug candidate demonstrated a statistically significant reduction in the risk of death and delayed disease progression during Phase III testing in men with metastatic prostate cancer.

(-) PGNX, Study summary posted online ahead of a company presentation on Thursday showed two patients died of sepsis during Phase II testing of its prospective treatment for prostate cancer.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: PRTA

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