Sector Update: Healthcare

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Healthcare shares are flat to lower in pre-market. Bristol-Myers Squibb Co. ( BMY ) reported results from the Phase 3 randomized, double-blind clinical trial comparing Yervoy to placebo following radiation in patients with advanced metastatic castration-resistant prostate cancer.

The company said the study's primary endpoint of overall survival "did not reach statistical significance." However, anti-tumor activity was observed across some efficacy endpoints, including progression free-survival. BMY is flat at $43.26 in pre-market trade.

And Vertex Pharmaceuticals ( VRTX ) will replace Advanced Micro Devices Inc. ( AMD ) in the S&P 500. VRTX is up 2.4% at $81.74 in pre-market trade. AMD is down 1.6% at $3.76.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: AMD , BMY , VRTX


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