Sector Update: Healthcare


Healthcare stocks are higher today with the NYSE Healthcare Sector Index climbing 0.6% and shares of healthcare companies in the S&P 500 rising 0.5% as a group.

In company news, Ventrus Biosciences ( VTUS ) is up near 30% at $3.30 a share, climbing as high as $3.75 today after announcing positive results from clinical testing of its diltiazem hydrochloride drug candidate as a potential treatment for anal fissures.

According to the company, dermal safety studies with healthy volunteers found Diltiazem was safe and well tolerated. Irritation was similar to placebos or saline and was significantly better than the positive control of sodium lauryl sulfate. No severe or serious adverse events were reported.

Results from the two clinical dermal safety studies as well as a single pharmacokinetic study of the cream treatment will be included in the company's upcoming New Drug Application.

In other sector news,

(+) GALT (+20%, hit new 52 week highs) U.S. Patent Office issues a patent to the company for its galectin inhibitor compound to treat patients with fatty liver disease.

(-) OVAS (-20%) Suspends U.S. enrollment in trial of its Augment drug candidate intended to improve egg quality and increase the success of in vitro fertilization. Trials will continue in other countries.

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: VTUS

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