Back to Main

Sector Update: Healthcare

By: MT Newswires
Posted: 6/19/2013 8:10:00 AM
Referenced Stocks: AZN;BMY;LLY;VNDA

Healthcare shares are a bit higher pre-market. Eli Lilly's ( LLY ) drug Zyprexa is being investigated by the FDA after two patients died after taking it, Bloomberg reports. Zyprexa is an antipsychotic. Eli Lilly shares are flat in pre-market at $52.35.

Also, Bristol-Myers Squibb Company ( BMY ) and AstraZeneca ( AZN ) say results of the Phase 4 SAVOR-TIMI-53 clinical trial of Onglyza met the primary safety objective of non-inferiority.

But it did not meet the primary efficacy objective of superiority, for a composite endpoint of cardiovascular death, non-fatal myocardial infarction or non-fatal ischaemic stroke, when added to a patient's current standard of care versus a placebo. BMY is flat at $46.85 in pre-market trade; AZN is down 0.3% at $50.81.

Finally, Vanda Pharmaceuticals ( VNDA ) shares, which have been struggling all week in the wake of data on Tasimelteon studies, have sunk more than 11% pre-market.