Sector Update: Healthcare

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Healthcare stocks are higher with the NYSE Healthcare Sector Index currently ahead over 0.8% while shares of healthcare companies in the S&P 500 are up about 1.4% as a group.

In company news, Enzo Biochem Inc. ( ENZ ) is down 7% at $2.11 a share following a move by Standard & Poor's to drop the clinical research organization from the S&P Smallcap 600 index next week.

ENZ will be replaced by Forest Oil ( FST ), which is falling out of the S&P MidCap 400 Index after being bumped by for-profit college chain Apollo Group ( APOL ). The changes will take place after the close of trading June 28.

In other sector news,

(+) ORMP, Withdraws proposed public offering of 24 mln shares filed with securities regulators on Jan. 11, citing market conditions.

(-) IDIX, FDA requests additional pre-clinical safety information for its IDX209603 drug candidate, putting the start of clinical testing is on hold until it can provide a satisfactory response to the agency. IDIX recently submitted an Investigational New Drug application for the prospective treatment for hepatitis C.



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This article appears in: Investing , Commodities

Referenced Stocks: APOL , ENZ , FST

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