Sector Update: Healthcare Shares Edge Lower

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JNJ -0.80%

PFE -0.31%

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MRK +0.58%

AMGN -0.63%

Healthcare stocks were narrowly lower this afternoon with the NYSE Healthcare Sector Index falling about 0.1% while shares of healthcare companies in the S&P 500 also slipped about 0.1% as a group.

In company news, Portola Pharma ( PTLA ) was ending with almost a 2% gain Wednesday after announcing positive Phase II data for its FDA-andexanet alfa and enoxaparin therapies.

According to the company, the drug was well tolerated with no serious adverse events. It said more detailed data will be presented at the Meeting of the International Society on Thrombosis and Haemostasis in Milwaukee, Wis.

Shares were up 1.7% at $24.42 each in late trade, earlier climbing to an intra-day high of $25.24 a share.

In other sector news,

(+) NWBO, Reports interim results from Phase 1/2 testing of its DCVax personalized immune therapies, saying all of the cancer patients whose inoperable tumors were injected with DCVax saw improvements in their conditions.

(-) OREX, FDA extends new drug application review for the company's experimental weight-loss drug candidate by another three months to Sept. 11 o work out a deal on post-marketing obligations related to NB32's effect on the heart.



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This article appears in: Investing , Commodities

Referenced Stocks: PTLA

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