Top Healthcare Stocks
Healthcare stocks are lower, with the NYSE Healthcare Sector
Index falling about 0.3% and shares of healthcare companies in the
S&P 500 sliding less than 0.1% as a group.
In company news, Luna Innovations (
) shares more than doubled in price, reaching a four-year high
after announcing a deal to sell its shape-sensing technology for
use in medical applications to Intuitive Surgical (
The deal calls for ISRG to acquire LUNA's fiber optic
shape-sensing and localization technology, including its related
patents, as well as hiring a number of engineering employees who
worked for the unit. In exchange, LUNA will receive $12 million
through a pair of upfront payments and up to $18 million more as
ISRG, the maker of the DaVinci robotic surgery tools, reaches
certain technical and commercial milestones.
In addition to its healthcare application, LUNA develops and
manufactures new-generation products for the telecommunications,
aerospace, automotive, energy and defense industries.
Trading in LUNA shares were briefly halted soon after the
opening bell when the stock's rapid price rise triggered stock
exchange circuit breakers. Shares recently were trading at $2.68
apiece, up 103%, after earlier streaking to $3.26 a share for the
first time since June 2010.
ISRG was down about 0.8% at $435.92 a share in mid-afternoon
In other sector news,
(+) EVOK, (+21.5%) Presents positive data from Phase IIb testing
of its Metoclopramide nasal spray for Gastroparesis in patients
(-) KERX, (-5.4%) Launches $90 million public offering of its
common stock. Proceeds will be used for pre-launch activities and
inventory build-up for its Zerenex medication to treat
hyperphosphatemia in patients with End-Stage Renal Disease.
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