Sector Update: Healthcare

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Healthcare stocks are holding on to finish higher today with the NYSE Healthcare Sector Index advancing 0.1% and shares of healthcare companies in the S&P 500 adding 0.3% as a group.

In company news, Shares of Progenics Pharmaceuticals Inc. ( PGNX ) is finishing up 4% today to $4.78 a share after the biopharmaceutical company said it is resuming a Phase IIb study of its Azedra-targeted radiotherapy in patients suffering from rare endocrine tumors called pheochromocytomas.

Azedra originally was developed by the company's Molecular Insight Pharmaceuticals subsidiary, which began the study under a 2009 Special Protocol Assessment from the Food and Drug Administration. In late 2010, MIP suspended the trial with enrollment two-thirds complete in order to seek additional funding.


In other sector news,

(+) PBMD, Shares rally as much as 76% following a presentation by the Australian biotech's CEO on its prospective cancer vaccine as part of broader presentation this morning on immunocellular cell therapy at an industry conference in London.

(-) CLDX, Said interim data from ongoing Phase II testing of its rindopepimut drug candidate in patients with recurrent glioblastoma showed promising signs of clinical activity in advanced patient populations.



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This article appears in: Investing , Commodities

Referenced Stocks: PGNX

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As of 12/19/2014, 04:15 PM


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