Sector Update: Healthcare; Concordia Healthcare Unit Seals Deal for Commercialization Rights to Zonegran in U.S., Puerto Rico

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Healthcare stocks were mixed in afternoon trading, with the S&P/TSX Healthcare index slipping 0.04%.

Valeant Pharmaceuticals (VRX.TO): -1.7%

Oncolytics Biotech (ONC.TO): -0.7%


Cipher Pharmaceuticals (DND.TO): +5.2%

Concordia Healthcare (CXR.TO): +1.0%

Tekmira Pharmaceuticals (TKM.TO): -6.9%

Nuvo Research (NRI.TO): -2.9%

In company news, Concordia Healthcare Wednesday said that its Concordia Pharmaceuticals subsidiary signed an agreement with Eisai to acquire Zonegran for commercialization and sale in the U.S., including Puerto Rico. Zonegran is a registered trademark of Sumitomo Dainippon Pharma and licensed exclusively to Eisai.

Other healthcare news:

Nuvo Research has completed patient enrollment for the second phase of clinical trial of WF10 in refractory allergic rhinitis. The study is testing the safety and effectiveness of WF10.

Oncolytics Biotech has completed patient enrollment in its randomized phase two study of paclitaxel plus REOLYSIN in ovarian cancer, which will estimate the progression-free survival hazard ratio of the combination of weekly paclitaxel with REOLYSIN to weekly paclitaxel alone. The dual-listed drug developer is supplying REOLYSIN to the study.



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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