Sector Update: Healthcare

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Healthcare shares were flat to higher in pre-market trade Monday.

In healthcare stocks news, shares of Intercept Pharmaceuticals Inc. ( ICPT ) were down 2.7% in pre-market trading after the company reported mixed Q4 and full-year 2013 earnings.

On Friday, ICPT reported a loss per share of $0.64, compared to a loss of $2.02 for the same quarter the previous year and better than analyst expectations of a loss of $0.70 per share, if comparable. Revenue for the quarter was flat at $405 million.


The company has scheduled a conference call and Webcast March 17, at 8:30 a.m. ET.

And, Inovio Pharmaceuticals ( INO ) was down 2.3% at $3.42 after it reported Q4 sales that came in ahead of analysts' expectations while the loss was wider than expected.

The pharmaceutical company with a focus on vaccines said it slipped into a Q4 loss of $15.5 million $0.07 from $659,000 or breakeven per share the year earlier, missing the $0.03 per-share average loss expected by analysts. Sales rose to $1.7 million from $1.1 million, topping the $1.4 million consensus.



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This article appears in: Investing , Commodities

Referenced Stocks: ICPT , INO

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