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Sector Update: Healthcare

By: MT Newswires
Posted: 11/7/2013 9:04:00 AM
Referenced Stocks: AGEN;NBY

Healthcare shares today are mixed in pre-market trade. Shares of Agenus Inc. ( AGEN ) soared in Thursday's premarket session, bouncing off a 52-week low hit Wednesday, as the biotechnology company focused on treatments for cancers and infectious diseases released top-line results showing a Phase 2 study of HerpV, a vaccine candidate for the treatment of patients with herpes simplex virus-2, met its primary endpoint.

The shares were up 27% at $3.05 in recent premarket trading. They have a 52-week range of $2.40 to $5.40, with the low end of that range set Wednesday.

And, NovaBay Pharmaceuticals, Inc. ( NBY ), a clinical-stage biopharmaceutical company developing non-antibiotic antimicrobial products, said the auriclosene Phase 2b clinical study of impetigo has been completed.

NBY is down 51% at $0.82 per share, hitting a new 52-week low.

While the study showed that auriclosene is safe and well tolerated, it did not meet its primary clinical endpoint. NovaBay and its partner Galderma are examining the results from this study and expect to use the findings to guide the future course of the clinical development for auriclosene. NovaBay expects to provide an update in the near future.