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Health Care Sector Update for 02/15/2017: TRUP,EVOK,CLSN

Top Health Care Stocks

JNJ +0.79%

PFE +2.34%

MRK +0.81%

ABT -0.69%

AMGN +2.31%

Health care stocks were finishing on positive ground today, with the NYSE Health Care Index gaining about 0.9% while shares of health care companies in the S&P 500 were up 1.1% as a group.

In company news, Trupanion ( TRUP ) shares were higher in late trade, easing slightly from a new record high after reversing a big decline that initially greeted the pets and companion animals health care insurer today after the company reported mixed Q4 financial results, topping Wall Street expectations on the top line but missing analyst estimates with a wider-than-expected net loss.

Net loss for the three months ended Dec. 31 improved to $1.72 million, or $0.06 per share, from an $0.11 per share net loss during the same quarter last year but still coming in a penny wider than the Capital IQ consensus expecting a $0.05 per share loss. Revenue rose 28% over year-ago levels to $51.3 million, beating the $50.56 million consensus estimate.

TRUP shares were up nearly 3% this afternoon at $16.99 each, earlier gapping down to a session low of $14.50 a share soon after today's opening bell only to steadily climb back to positive ground and touching a best-ever $17.70 a share by late morning.

In other sector news,

(+) EVOK, FDA exempts the company from completing the agency's Human Factors Validation study requirement prior to submitting a new drug application for its Gimoti product candidate.

(-) CLSN, Prices $5 mln public offering of around 21.7 mln shares of its common stock at 23 cents apiece, a 30.3% discount to Tuesday's closing price.

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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