Sector Update: Healthcare Shares Mixed Pre-Market; Progenics Reports Better-Than-Expected Net Loss

By Staff,

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Healthcare stocks:

JNJ: +0.27%

PFE: -0.26%

ABT: flat

MRK: -0.41%

AMGN: flat

Healthcare shares are flat to higher in pre-market, while Progenics Pharmaceuticals ( PGNX ) reported a Q3 loss of $0.17 per share, versus the Capital IQ consensus of $0.22 per share. Revenues were $0.87 million, versus the analyst estimate of $1.87 million.

In the same period last year, the company reported $0.33 loss per share on revenues of $1.1 million.

And, Immunogen ( IMGN ) was Novartis ( NVS ) has licensed the exclusive right to use its antibody-drug conjugate technology to develop anticancer therapeutics to an undisclosed target. IMGN last matched down 4.18% in pre-market trade. NVS is flat in pre-market trade.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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

This article appears in: Investing Commodities
Referenced Stocks: IMGN , NVS , PGNX

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