Sector Update: Health Care Shares Seeing Some Gains; Merck Moves to Address Emerging Markets

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Dow Jones U.S. Health Care Index (DJUSHC) +0.98, (+0.28%), to 351.30

Health care stocks:

JNJ: +0.8%

PFE: +0.9%

ABT: +0.8%

MRK: -0.2%

AMGN: -0.1%

Health care shares are seeing mild support in mid-day trading while Merck & Co ( MRK ) makes a move to address emerging markets.

The Dow Jones U.S. Health Care Index is up 0.98, or 0.28%, to 351.30.

In mid-day news, 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.

Merck shares are down 0.2%.

Meanwhile, shares of both Tenet Healthcare ( THC ) and Community Health Systems, Inc. ( CYH ) plummeted today as Tenet filed a lawsuit against CHS alleging that the latter "systematically overbilled Medicare and likely other payers as well."

Tenet is off 16.5% in morning trade while Community Health Systems is down nearly 33.9% to 26.81.



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

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This article appears in: Investing , Commodities

Referenced Stocks: CYH , MRK , THC

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