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.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

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

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