Sector Update: Health-Care Stocks Mixed Pre-Market


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Top Health-care stocks:

JNJ: +0.25%

PFE: -0.46%

ABT: flat

MRK: flat

AMGN: -0.59%

Health-care shares were mixed in pre-market trade Monday.

In health-care stocks news, Biodel ( BIOD ) entered into a stock purchase agreement with Lincoln Park Capital Fund, LLC, a Chicago-based institutional investor.

Under the terms of the purchase agreement, Biodel will have the right to sell to LPC, and LPC will be obligated to purchase up to $15 million in shares of Biodel's common stock.

And, Retrophin, Inc. ( RTRX ) said Monday that on July 17 it submitted a proposal to acquire Clinuvel Pharmaceuticals. It agreed to acquire all of the shares of Clinuvel stock that Retrophin does not own for 0.175 Retrophin shares per Clinuvel share, or $2.17 per share in cash. Retrophin currently owns approximately 4.88% of Clinuvel shares.

RTRX trades in a 52-week range of $4.50 to $24.25.

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
More Headlines for: BIOD , RTRX

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