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Health Care Sector Update for 02/17/2017: DVA,IMNP,XTLB

Top Health Care Stocks

JNJ +0.32%

PFE +0.07%

MRK +0.88%

ABT -0.20%

AMGN +0.33%

Health care stocks continued to trend lower on Friday, with the NYSE Health Care Index falling almost 0.2% while shares of health care companies in the S&P 500 were down about 0.1% as a group.

In company news, DaVita HealthCare ( DVA ) jumped out to a six-month high on Friday after the kidney-care company late yesterday reported better-than-expected Q4 net income.

The company earned $0.98 per share, beating the Capital IQ consensus by $0.06 per share. Revenue rose 5.2% over year-ago levels to $3.72 billion, matching the $3.74 billion consensus.

DVA shares were up almost 4% at $67.09 apiece, previously climbing to a session high of $67.78 a share.

In other sector news,

(+) IMNP, Discloses plans to Monday announce the upcoming launch of a clinical trial to measure remission maintenance and relapse prevention for a combination of its Ceplene lead product candidate and low-dose Proleukin in patients with acute myeloid leukemia.

(-) XTLB, Announces $2.5 mln direct offering of 1 mln American depository shares at $2.50 apiece. Investors also will receive one 66-month warrant to buy another ADS at $4.04 for each share they purchase in the deal.

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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