Sector Update: Healthcare

By Staff,

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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.

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: APOL , ENZ , FST

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