Health Care Sector Update for 07/27/2017: TTPH,CAPR,IPCI

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Top Health Care Stocks

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Health care stocks were leading the U.S. markets lower this afternoon, with with the NYSE Health Care Index falling nearly 1.0% while shares of health care companies in the S&P 500 were down over 0.6% as a group.

In company news, Tetraphase Pharmaceuticals ( TTPH ) tumbled almost 12% on Thursday, sliding to a session low of $6.95 a share earlier today after the specialty drugmaker disclosed plans for a $60 million public offering of its common stock.

The company plans to use net proceeds from the offering, together with other cash and equivalents to fund Phase III testing of its eravacycline antibiotic.

In other sector news,

(+) CAPR, Duchenne Muscular dystrophy designated by the U.S. Food and Drug Administration as a rare pediatric disease, making the company's CAP-1002 drug candidate eligible for a priority review voucher after receiving FDA marketing approval.

(-) IPCI, FDA advisory panel votes 22-to-1 against approving the company's extended release pain killer tablets, saying there was a lack of data about the drug's abuse-deterrence properties.

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This article appears in: Investing , US Markets
Referenced Symbols: TTPH , CAPR , IPCI

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