Healthcare stocks are closing higher this afternoon with the
NYSE Healthcare Sector Index rising 0.3% and shares of healthcare
companies in the S&P 500 advancing 0.2% as a group.
In company news, Mindray Medical International Ltd (
) is up more than 5% in late trade after the medical-device
manufacturer issued a statement this morning defending the veracity
of its regulatory filings, also saying it reserves the right to sue
individuals or organizations it considers are disseminating false
information about the firm.
MR management also hosted a conference call this afternoon to
take investor questions. It said the allegations in a research
report issued yesterday contain numerous errors of facts as well as
The company also said it's going to take advantage of the
company's lower share price to again start repurchasing its stock
under its previously announced buyback program.
In other sector news,
(+) RGDX, Prices public offering of 4.46 million shares of its
common stock at $1.20 each - a 9% discount to yesterday's closing
(-) XOMA, Prices offering of 50 million shares of its common
stock at $5.25 each, generating $262.5 mln in gross proceeds.
Underwriters received 30-day options to purchase up to 7.5 mln
additional shares to cover possible over-allotments.
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