Top Healthcare Stocks
Healthcare stocks were nudging into positive territory shortly
before the close this afternoon with the NYSE Healthcare Sector
Index climbing less than 0.2% and shares of healthcare companies in
the S&P 500 adding 0.1% as a group.
In company news, BIOLASE Inc. (
) shares are up 15% in late trade at $2.99 a share, climbing as
high as $3.55 after dental-laser manufacturer said it received a
license from the Health Canada-Medical Device Bureau to sell its
EPIC dental soft-tissue diode laser systems throughout Canada.
Chief Executive Federico Pignatelli noted Canada historically
has represented one of the company's more robust markets for its
high-tech laser products, adding he expects Canada will be a strong
contributor to 2014 growth.
In other sector news,
(+) ELMD, Receives FDA market clearance for its next-generation
SmartVest Airway Clearance System, a high-frequency chest wall
oscillation device for people with cystic fibrosis and other
(-) MYGN, The Center for Medicare and Medicaid Services confirms
reimbursement cuts for the company's genetic tests for
breast-cancer vulnerability. JMP Securities and Mizuho both
downgrade the stock; Piper Jaffray and Leerink Swann cut price
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