Healthcare shares are generally flat in pre-market trade.
Among news in this sector, Magellan Health Services (
) expects to generate 2014 net revenue in the range of $3.61
billion to $3.80 billion, and net income in the range of $57
million to $73 million, which translates into diluted earnings per
share in the range of $2.00 to $2.56, inclusive of share
repurchases to date and the effect of the Affordable Care Act (ACA)
The analyst consensus on Capital IQ stands at $3.40 billion in
revenue and earnings of $3.27 per share.
And, Sucampo Pharmaceuticals (
) said it has initiated a global phase 3 clinical program to test
its lubiprostone in pediatric functional constipation together with
development and commercialization partner Takeda
The phase 3 program was preceded by an open-label trial in 124
patients aged 3 to 17 years, which suggested that lubiprostone
warrants further investigation as a potential treatment for
children and adolescents with functional constipation.
Finally, shares in Pluristem Therapeutics Inc. (
) are up about 4% pre-market after the company said it has sealed a
partnership with South Korea's CHA Bio & Diostech through a
mutual stock investment worth $10.16 million.
Pluristem has issued 2.5 common stock to CHA, while CHA has
issued 1,011,504 shares to Pluristem. This reflects a total
consideration of $10.4 million, at a price of $4.16 per Pluristem
common share, a premium of 26% over the closing price on December
16, 2013. The shares are subject to a lock up period of one
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.