Sector Update: Healthcare Stocks Inching Lower; Biota Pharma Jumps Over 10% After CEO Adds to His Stake


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Healthcare stocks were lower today with the NYSE Healthcare Sector Index falling about 0.1% and shares of healthcare companies in the S&P 500 also were down 0.1% as a group.

In company news, shares of Biota Pharmaceuticals Inc. ( BOTA ) were up more than 10% Friday afternoon after the drugmaker's chief executive this week added to his personal stake in the maker of anti-bacterial and anti-viral products.

Russel Plumb acquired a total of 32,031 BOTA shares in a short string of open-market purchases on Tuesday and Wednesday, paying a combined $95,692, or about $2.99 a share, according to a new regulatory filing. The deals boost his overall stake to 127,579 shares.

BOTA shares recently were ahead 12.5% at $3.43 apiece, or 4 cents under its session high. The stock has a 52-week range of $2.35 to $7.07 a share, slipping about 3.5% over the past 12 months.

In other sector news,

(+) NKTR, (+13.5%) FDA advisory panel recommends against requiring cardiovascular outcomes trials for peripherally-acting mu-opioid receptor antagonist drugs, including the company's Movantiktm drug candidate for opoid-induced constipation.

(-) OMED, (-14.9%) Voluntarily halts patient enrollment and dosing in Phase 1 testing of vantictumab and Fzd8-Fc, its prospective monoclonal antibody cancer treatments.

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

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