Sector Update: Health Care

By Staff,

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Health care shares are seeing mild support in mid-day trading while Merck & Co ( MRK ) makes a move to address emerging markets. Merck and Mumbai-based pharmaceutical company Sun Pharmaceutical Industries announced today the creation of a joint venture to develop, manufacture and commercialize new combinations and formulations of branded generics in the emerging markets. Meanwhile, shares of both Tenet Healthcare ( THC ) and Community Health Systems, Inc. ( CYH ) plummeted today after Tenet filed a lawsuit against CHS alleging that the latter "systematically overbilled Medicare and likely other payers as well."

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

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This article appears in: Investing Commodities
Referenced Stocks: CYH , MRK , THC

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