Sector Update: Healthcare

By
A A A
Share |

Healthcare stocks are higher today with the NYSE Healthcare Sector Index climbing about 0.2% while shares of healthcare companies in the S&P 500 are up 0.3% as a group.

In company news, Warner Chilcott plc ( WCRX ) is up 2.7% at $21.55 a share, just off its best levels of the session after the generic drugmaker's acquisition by Actavis ( ACT ) picked up support from three proxy advisory firms.

According to the companies, the advisory firms - Institutional Shareholder Services, Glass Lewis and Egan-Jones - are recommending ACT shareholders voter in favor of the $8.5-billion transaction, first announced May 19.

The shareholder vote is scheduled for Sept. 10 in Parsippany, N.J. ACT shares are up 2.5% to $135.42 apiece.

In other sector news,

(+) BRLI, Q3 net income of $0.53 per share beats analyst forecasts by $0.02 per share. Revenue grew 16% year over year to $185.4 million, topping the consensus view looking for $183.53 million.

(+) ALNY, Publishes Phase I trial data showing RNAi therapeutics targeting transthyretin achieved rapid, dose-dependent, durable, and specific knockdown of the disease-causing protein in TTR-mediated amyloidosis.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: ACT , WCRX

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

89,970,926
  • $16.15 ▲ 0.12%
77,131,582
  • $58.94 ▼ 1.31%
67,336,935
  • $26.56 ▲ 1.68%
48,814,124
  • $86.20 ▲ 0.02%
47,526,126
  • $23.21 ▲ 0.78%
44,660,424
  • $23.91 ▲ 6.36%
38,799,699
  • $4.289 ▲ 4.36%
36,199,890
  • $40.01 ▼ 0.97%
As of 4/17/2014, 04:07 PM