Sector Update: Healthcare

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Healthcare stocks were mixed, with the NYSE Healthcare Sector Index slipping 0.2% and shares of healthcare companies in the S&P 500 rising 0.1% as a group.

In company news, Northwest Biotherapeutics ( NWBO ) shares rose Monday after the oncology care company received a pair of regulatory approvals from German authorities for its DCVax-L treatment for glioma brain cancers.

The Paul Ehrlich Institute approved a "Hospital Exemption" early access program under Section 4b of German Drug Law, allowing the company to provide the experimental drug treat both Glioblastoma multiforme and lower grade gliomas outside clinical trials as well as charging full price for the medication.


The regulatory body also cleared DCVax-L for reimbursement. The initial approvals have five-year terms.

NWBO shares are up nearly 13% at $6.83 apiece in recent trade, pushing to a new intra-day high. The stock has a 52-week range of $2.98 to $20.00 a share.

In other sector news,

(+) RGDO, (+23.3%) U.S. Food and Drug Administration designates the company's REG1 anticoagulant therapy with fast-track development status for use in patients with coronary artery disease during percutaneous coronary interventions.

(-) BONE, (-4.0%) Closes on $4 mln in additional funding from OrbiMed, issuing 1.5 mln of its shares to the privately held medical device and diagnostics company. Other terms are unchanged from the companies' $20 mln term loan in August 2012.



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This article appears in: Investing , Commodities

Referenced Stocks: NWBO

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