Sector Update: Healthcare

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Health-care shares were generally higher in pre-market trade on Wednesday.

Halozyme Therapeutics ( HALO ) shares declined pre-market Wednesday, after the biopharmaceutical company said it was informed by the Food and Drug Administration that a clinical hold has been placed on patient enrollment and dosing of its PEGPH20 in an ongoing Phase 2 trial evaluating PEGPH20 in patients with pancreatic cancer.

The clinical hold comes after Halozyme last week said it was temporarily halting patient enrollment and dosing in the trial, following a recommendation.

Intuitive Surgical ( ISRG ) dropped about 9% in pre-market trading after providing disappointing preliminary guidance on Q1 results late Tuesday.

The maker of robotic surgical equipment said Q1 revenue will fall 24% from a year earlier to $465 million, compared with the consensus estimate of $536 million as measured by Capital IQ.



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This article appears in: Investing , Commodities

Referenced Stocks: HALO , ISRG

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