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Sector Update: Healthcare Stocks Flat; Stemcells Filed To Sell $100 Mln in Securities

By: MT Newswires
Posted: 12/27/2013 8:19:00 AM
Referenced Stocks: SHPG;STM;VPHM

Healthcare stocks:

JNJ: -0.11%

PFE: -0.10%

ABT: flat

MRK: flat

AMGN: flat

Healthcare shares are flat in pre-market trade.

Specialty biopharmaceutical company Shire PLC ( SHPG ) said Friday that it has extended the expiration of its previously announced tender offer by its subsidiary for ViroPharma ( VPHM ) until midnight, Eastern Time, on Thursday, January 9, 2014. The tender offer had previously been scheduled to expire at 6:00 p.m. ET, on Thursday, December 26, 2013.

As of 6:00 p.m. on December 26, 2013, approximately 76% of ViroPharma common shares had been validly tendered.

And, Stemcells ( STM ) has filed to sell $100 million worth of stock, warrants and debt securities and will use the money for general corporate purposes, including acquisitions.

STEM is up 5.3% at $1.39 in pre-market trade, with a 52-week range of $1.16 to $2.16.