Sector Update: Healthcare Shares Lower in Pre-Bell Trade

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Top Healthcare Stocks:

JNJ: +0.17%

PFE: -0.71%

ABT: flat

MRK: -0.31%

AMGN: -2.61%

Healthcare shares are generally lower in pre-market trade. BioCryst Pharmaceuticals Inc. ( BCRX ) is down 4.8% at $3.79 in pre-market after it said that it is offering to sell shares of its common stock in an underwritten public offering for a total of no more than $20 million in gross proceeds.

All of the proceeds are to be used for general corporate purposes, including funding clinical development of BCX4161, continued development of second generation hereditary angioedema compounds and pre-commercialization activities relating to intravenous peramivir.

And, CardioNet Inc. ( BEAT ) shares are up 13% at $6.20 after the company reported Q2 adjusted EPS of $0.02, turning from a prior year Q2 loss of $0.01. Revenues were $32.1 million, higher than revenues of $27.5 million reported in the prior year period.



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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: BCRX , BEAT

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