Markets

Health Care Sector Update for 02/12/2016: RTIX,XBIO,OPK,TRXC

Top Health Care Stocks

JNJ -0.03%

PZE +0.17%

MRK +1.84%

ABT +0.08%

AMGN +1.37%

Health care stocks were narrowly higher today, with the NYSE Health Care Index climbing 0.2% while shares of health care companies in the S&P 500 were up 0.3% as a group.

In company news, RTI Surgical Inc. ( RTIX ) rose Friday after the medical-device company licensed domestic marketing rights to a spinal implant from Oxford Performance Materials.

RTI Surgical said the licensed OsteoFab technology builds implantable medical devices, layer-by-layer, using laser light and Oxford's OXPEKK polymer. The OsteoFab process and OXPEKK material combine to create implants that are designed to enable bone ongrowth.

Under terms of the agreement, Oxford also will produce spinal implant designs using OsteoFab technology for RTI, which will oversee finishing steps, packaging, marketing and distribution of finished products.

RTIX shres were up nearly 7% at $3.15 each, earlier topping out today at $3.19 a share.

In other sector news,

(+) XBIO, (+53.6%) OPKO Health ( OPK ) acquires 6.3% interest in XBIO. Financial terms of the transaction were not disclosed.

(-) TRXC, (-8.3%) Files S-3 registration for SOFAR SpA, which had invested $56 mln in the company through the purchase of 15.5 mln shares of its common stock.

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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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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