Health Care Sector Update for 04/15/2016: PTCT,GBSN,CLRB,CLRBZ

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Top Health Care Stocks

JNJ +0.15%

PFE -0.80%

MRK -0.25%

ABT -0.67%

AMGN -0.07%

Health care stocks were little changed in late trade, with the NYSE Health Care Index dropping about 0.1% while shares of health care companies in the S&P 500 also were down about 0.1% as a group.

In company news, PTC Therapeutics ( PTCT ) rallied Friday after British regulators today recommended the company's Translarna drug candidate be approved to treat patients with Duchenne muscular dystrophy.

Following the initial recommendation by the the National Institute for Health and Care Excellence, the panel is slated to next month decide whether patients will get the drug in its final draft guidance.

PTCT shares were up more than 43% at $8.92 apiece, earlier topping out at $10.15 a share.

In other sector news,

(+) GBSN, Reports a preliminary 59.4% rise in Q1 revenue over last year to $731,422, trailing the single analyst call expecting $1.31 mln. Also said its customer base grew by 119.8% to 222 revenue-generating customers.

(-) CLRB, Prices $7 mln offering of 3.3 mln common stock or pre-funded warrants at $2.13 apiece, a 30% discount to Thursday's closing price. Investors also received five-year warrants ( CLRBZ ) exercisable at $3.04.

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

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This article appears in: Investing , US Markets
Referenced Symbols: PTCT , CLRBZ , CLRB

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