Sector Update: Health Care Shares Flat to Higher Pre-Market

By Staff,

Shutterstock photo

Top Health-care stocks:

JNJ: +0.82%

PFE: +0.66%

ABT: flat

MRK: flat

AMGN: +0.60%

Health-care shares were flat to higher in pre-market trade Friday.

In health-care stocks news, Auspex Pharmaceuticals ( ASPX ), a biopharmaceutical company, has completed the enrollment of 90 patients in its Phase 3 registration clinical trial of SD-809 for the potential treatment of chorea associated with Huntington's disease.

The company said it expects to announce the topline data from this study in the fourth quarter of 2014.

Biopharmaceutical company Achillion Pharmaceuticals ( ACHN ) was upgraded by analysts at Deutsche Bank to a buy rating from a hold.

The firm also nearly tripled its price target on the stock to $17 from $6 a share, which represents a potential upside of 84% from its Friday close.

Shares of ACHN surged more than 7% to $9.90 in Monday's pre-market session, and were closing in on the top of their 52-week trading range of $2.26 - $9.94.

And, Liberator Medical Holdings ( LBMH ) said Q3 net sales increased by $1,087,000, or 6.2%, to $18,578,000, compared with net sales of $17,491,000 for Q3 2013.

Meanwhile, income from operations decreased by $240,000, or 7.2%, to $3,116,000. Earnings per share were $0.04, on par with a year prior. Analyst estimates were not available.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ASPX , ACHN , LBMH

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