Sector Update: Healthcare

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Healthcare shares are mixed in pre-market, while Inovio Pharmaceutical ( INO ) is up more than 16% in pre-market trade after saying its DNA Vaccine for the Middle East Syndrome coronavirus induced robust and durable immune responses in a preclinical trial.

Since 2012, the MERS virus has killed 42% of those infected.

Inovio said that in the study, the vaccine constructs were observed to induce strong neutralizing antibodies and broad CD8+ T cells in mice. "These findings are vital given the importance of neutralizing antibodies in preventing infection and the role T cells play in clearing infection by killing cells that harbor the virus," the company said in a statement.


And, in other major gainers in healthcare this morning, shares of Unilife ( UNIS ) are up 15.7% at $3.24 after Hikma Pharmaceuticals announced that it has signed a long term commercial supply contract with the company for the use of Unifill prefilled syringes with a range of generic injectable drugs.

Under the 15-year global agreement, Unilife will supply Hikma with customised prefillable delivery systems from its Unifill platform. For the exclusive global rights to use Unilife's Unifill products with a selection of Hikma's generic injectable products, Hikma will pay a total of $40 million, comprising an upfront payment of $5 million, an additional $15 million payment expected during 2014 and a further $20 million in milestone-based payments to be paid thereafter.

Unilife will commence product sales to Hikma in early 2014.



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This article appears in: Investing , Commodities

Referenced Stocks: INO , UNIS

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