Healthcare stocks were higher again with the NYSE Healthcare
Sector Index advancing 0.4% and shares of healthcare companies in
the S&P 500 also climbing 0.4% as a group.
In company news, Perrigo plc (
) shares were off their worst levels of the session but remain
underwater late in Wednesday's session after earlier announcing
plans to work with a division of Golden State foods to produce a
popular nutritional drink for older adults.
PRGO and Golden State's KanPak unit will partner to produce six
varieties of Ensure nutritional drinks, the companies said.
Additional details of the partnerships were not disclosed as well
as any information on the companies' relationship with Abbott
), which markets Ensure through its Abbott Nutrition
PRGO shares were down nearly 1% at $156.57 each, or more than $1
above its intra-day low. The stock has a 52-week range of $111.37
to $162.35 a share. ABT was up 1.1% at $38.83 a share in late
In other sector news,
(+) KOOL, Submits pre-Investigational Device Exemption
information package to the U.S. Food and Drug Administration for
the use of its SurgWerks CLI Therapy to treat no-option patients
with late-stage, critical limb ischemia.
(-) INSM, Said its Arikayce inhaled antibiotic falls short of
its primary goal in Phase II testing, failing to cause a
statistically significant reduction in drug-resistant
nontuberculous mycobacteria lung infections when compared to a