Top Healthcare Stocks
Healthcare stocks were ending lower Thursday with the NYSE
Healthcare Sector Index slipping about 0.6% and shares of
healthcare companies in the S&P 500 also falling about 0.6% as
In company news, HealthSouth (
) declined Thursday after the owner and operator of inpatient
rehabilitation hospitals disclosed plans for a $175 million public
offering of its 5.75% senior notes due 2024.
The company intends to use the net proceeds from the offering,
along with borrowings under its secured credit facility, to redeem
all $271 million of its 7.25% senior notes due 2018 next month.
HLS shares were down about 1.8% at $38.54 apiece in late trade,
climbing slightly above its intra-day low at $34.49 a share.
In other sector news,
(+) STXS, Receives 510(k) clearance from FDA to market its
Vdrive robotic navigation system with V-Loop variable loop catheter
manipulator in the U.S. Agency approval follows completion of
120-patient, multi-center clinical study.
(-) KMDA, Said it is still seeking EU approval for drug
candidate to treat Alpha-1 Antitrypsin deficiency despite failing
to produce statistically significant difference from placebo in
primary and secondary endpoints during Phase II/III testing.
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