Healthcare stocks are higher with the NYSE Healthcare Sector
Index rising 0.8% and shares of healthcare companies in the S&P
500 are ahead 1.0% as a group.
In company news, Rochester Medical (
) today raced to its best share price in nearly six years at $19.97
after the medical device company agreed to be bought out by C.R.
) for $262 million.
The $20-per-share offer marked a 45% premium over ROCM's closing
In other sector news,
(+) SRDX, Cuts seven employees, or about 6% of its current
workforce as part of company-wide realignment. Drug-eluding
technology firm expects to take a one-time, pre-tax charge of $0.02
per share against it Q4 earnings.
(-) VVUS, JMP Securities drops stock to Market Perform from
Outperform, citing possible problems stemming from Anthony Zook
stepping down as CEO of the drug-maker just weeks after being hired
due to health problems.
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