Sector Update: Healthcare

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Healthcare stocks are moderately lower, with the NYSE Healthcare Sector Index retreating 0.3% and shares of healthcare companies in the S&P 500 falling about 0.3% as a group.

In company news, CombiMatrix Corp ( CBMX ) is up 6.5% at $2.61 a share, climbing as high as $2.93 earlier after the molecular diagnostics company said the provider network of Blue Cross and Blue Shield of Kansas City has agreed to cover its diagnostic laboratory services.

The agreement with Blue KC, the largest not-for-profit health insurer in Missouri, provides access to CombiMatrix's suite of molecular diagnostic solutions and comprehensive clinical support - specializing in prenatal, miscarriage and pediatric healthcare - to more than 800,000 members.

In other sector news,

(+) VNDA, (+91.8%) FDA concludes the company's Tasimelteon drug candidate is effective treating Non-24-Hour disorder in the total blind, the first treatment since the disorder was identified in 1948.

(-) HOLX, (-13.1%) Cut to Hold from Buy at Canaccord Genuity after the company issued weaker-than-expected Q1 guidance, which analyst Jason Mills said "painted an even worse picture of current fundamentals." Also, RBC drops to Sector Perform from Top Pick.



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This article appears in: Investing , Commodities

Referenced Stocks: CBMX

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