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Sector Update: Healthcare

By: MT Newswires
Posted: 1/13/2014 8:47:00 AM
Referenced Stocks: CBST;ROSG

Healthcare shares are flat to higher in pre-market trade.

Shares of Rosetta Genomics ( ROSG ) are up 35% at $4.29 pre-market after the company said it has signed a master service provider agreement with an undisclosed "major global biopharmaceutical company," under which Rosetta will provide its microRNA profiling and other services pursuant to a collaboration in important areas of unmet medical need utilizing a novel therapeutic approach.

And, Biopharmaceutical company Cubist Pharmaceuticals ( CBST ) reported that its total net revenues for Q4 were $299.7 million, including DIFICID revenues since the completion of CBST's acquisition of Optimer Pharmaceuticals, Inc. on Oct. 24, 2013. This is up 22% compared to $245.9 million in Q4 2012. Analysts are expecting Q4 revenues of $280.82 million, if comparable.

For FY13, the company expects to report net revenues of $1.1 billion, up 14% compared to $926.4 million in 2012. Analysts are looking for revenues of $1.03 billion.