Top Healthcare Stocks
Healthcare stocks are lower today with the NYSE Healthcare
Sector Index down around 2.7% and shares of healthcare companies in
the S&P 500 falling about 2.5% as a group.
In company news, Repros Therapeutics Inc. (
) is up 3.3% to $19.82 a share, climbing as high as $20.00 today
after pricing an upsized offering of 3.75 mln shares at $19 apiece,
just a 1% discount to the drug manufacturer's closing price last
night and generating about $71.25 mln in gross proceeds.
The maker of drugs intended to treat hormone and reproductive
disorders earlier this week announced plans to sell 3 mln
Underwriters participating in the offering received 30-day
options to purchase up to 562,500 additional shares to cover
possible overallotments. The offering is scheduled to close on June
In other sector news,
(+) WMGI, Sells its OrthoRecon business to MicroPort Medical BV
for $290 mln.
(-) PGNX, Prices underwritten public offering of 8.5 mln shares
of common stock at $4.40 apiece, generating about $37.4 mln in
gross proceeds. The company plans to use the new money on research
and development and general corporate purposes.
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