Sector Update: Healthcare


Healthcare shares are higher in pre-market trade. In earnings news, AVEO Pharmaceuticals ( AVEO ) reported a Q2 loss of $0.62 per share, versus the Capital IQ consensus of $0.55 loss per share. Revenues were $0.32 million, versus the analyst estimate of $0.62 million.

In the same period last year, the company reported a loss per share of $0.62 on revenues of $1.9 million. AVEO is flat in pre-market at $2.27 per share.

Other news came from Sarepta Therapeutics ( SRPT ), which said it plans to seek New Drug Approval from the U.S. FDA for Eteplirsen in the first half of next year after positive clinical study results. The drugs treat patients with Duchenne muscular dystrophy ( DMD ) who have a genotype amenable to skipping of exon 51.

Published study results showed that once-weekly treatment with eteplirsen resulted in a statistically significant increase in novel dystrophin, a protein lacking in patients with DMD. In addition, eteplirsen-treated patients on the 6-minute walk test were more stable that those treated with a placebo. The shares are up 0.6% at $37.10 in pre-market.

Stereotaxis ( STXS ) is down 42.5% at $5.02 in the pre-market session after it swung to a loss from a year prior. It reported a Q2 loss per share of $0.37, better than the Capital IQ consensus estimate of $0.59 loss per share. Revenues of $9.7 million missed the consensus of $10.8 million.

In the same period last year, the company posted EPS of $0.32 on revenues of $10.5 million.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: AVEO , DMD , SRPT , STXS

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