Sector Update: Healthcare Shares Flat Pre-Market; Cell Therapeutics Soars 13% on Acquiring Rights to 2 Anti-Cancer Compounds


Healthcare stocks:

JNJ: flat

PFE: -0.03%

ABT: flat

MRK: flat

AMGN: flat

Healthcare shares are flat in pre-market trade.

Shares of Rosetta Genomics ( ROSG ) are up 35% at $4.29 pre-market after the company said it has signed a master service provider agreement with an undisclosed "major global biopharmaceutical company," under which Rosetta will provide its microRNA profiling and other services pursuant to a collaboration in important areas of unmet medical need utilizing a novel therapeutic approach.

And, Biopharmaceutical company Cubist Pharmaceuticals ( CBST ) reported that its total net revenues for Q4 were $299.7 million, including DIFICID revenues since the completion of CBST's acquisition of Optimer Pharmaceuticals, Inc. on Oct. 24, 2013. This is up 22% compared to $245.9 million in Q4 2012. Analysts are expecting Q4 revenues of $280.82 million, if comparable.

For FY13, the company expects to report net revenues of $1.1 billion, up 14% compared to $926.4 million in 2012. Analysts are looking for revenues of $1.03 billion.

Cell Therapeutics ( CTIC ) is 13% higher this morning after it said it has reached an agreement with Novartis to reacquire rights to two anti-cancer compounds -- pixantrone (PIXUVRI) and paclitaxel poliglumex (Opaxi).

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: CBST , CTIC , ROSG

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