Health Care Sector Update for 03/14/2018: EVHC, UNH, SUPN, SBPH

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Top Health Care Stocks


PFE, -1.2%

ABT, -0.5%

MRK, -0.8%

AMGN, +0.4%

Health care stocks were lower, including a 0.6% decline for the NYSE Health Care Index (^NYP) in recent trade. Shares of health care companies in the S&P 500 ( XLV ) were down 0.6% as a group while the Nasdaq Biotechnology index (^NBI) sank 0.2% lower.

Among health care stocks moving on news today:

- Envision Healthcare ( EVHC ) fell 9% following reports that UnitedHealth ( UNH ) has dropped out of the bidding war for Envision's ambulatory services unit

In other sector news:

- Supernus Pharmaceuticals ( SUPN ) said late Tuesday it plans to offer $350 million of convertible senior notes due 2023 via a private offering. The specialty pharmaceutical firm added it plans to grant the initial purchasers a 30-day option to acquire up to an additional $52.5 million of notes.

+ Spring Bank Pharmaceuticals ( SBPH ) reported positive combined results from two groups of patients of part A of the ongoing phase 2 trial examining the use of its inarigivir soproxil treatment for chronic hepatitis B virus (HBV)

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , US Markets
Referenced Symbols: XLV , UNH , SUPN , SBPH

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