Sector Update: Healthcare Shares Flat Pre-Market; Bioline Q1 Net Loss Narrows


Top Healthcare stocks:

JNJ: flat

PFE: +0.61%

ABT: flat

MRK: flat

AMGN: flat

Healthcare shares were generally flat in pre-market trade on Tuesday.

In healthcare stocks news, biopharmaceutical company Cardiome Pharma (CRME, COM.TO) said it has signed an agreement with Austria-based AOP Orphan Pharmaceuticals to commercialize AGGRASTAT in selected European markets.

AOP Orphan has agreed to specific annual commercial goals for AGGRASTAT.

Financial details of the agreement were not disclosed.

CRME was steady before opening bell in the U.S. on Tuesday. It closed at $7.74 Monday.

And, Stemline Therapeutics ( STML ) said that a pre-clinical study at the Dana-Farber Cancer Institute in Boston showed that its SL-401 significantly decreased the viability of malignant cells by targeting neighboring plasmacytoid dendritic cells in the tumor microenvironment of the bone marrow.

Also, Bioline RX ( BLRX ) reported a smaller Q1 loss than the year before amid lower research and development expenses.

The developer of therapeutics said its Q1 net loss narrowed to 7.4 million shekel ($2.1 million) or 0.03 shekel per share from 12.8 million shekel or 0.06 the year earlier. No analyst estimates were available for comparison.

Finally, ISIS Pharmaceuticals ( ISIS ) Tuesday said it has begun the Phase 1 clinical study of ISIS-PKK, used to treat patients with hereditary angioedemia ( HAE ), a rare genetic disease. ISIS-PKK is designed to alter the course of HAE.

Shares in the drug developer were steady in pre-market trading on Tuesday and were last at $24.75 Monday after hours.

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.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: STML , BLRX , ISIS , HAE

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