Health Care Sector Update for 04/03/2019: SWAV,EVGN,ADXS
Top Health Care Stocks
Health care stocks were lower, including a 0.2% loss for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 also were down 0.3% as a group while the Nasdaq Biotechnology index was down 0.2%.
Among health care stocks moving on news:
(-) Shockwave ( SWAV ) was down 6% after Wednesday saying it has completed enrollment for a post-market study of its coronary intravascular lithotripsy instrument, which is designed to fracture calcium deposits in the bloodstream to assist with placing stents in a patient's blood vessels. The primary safety endpoint will be freedom from in-hospital major adverse cardiac events, Shockwave said. Patients also be will followed out to 30 days under the European study protocol.
In other sector news:
(+) Evogene ( EVGN ) was 28% higher after Wednesday saying it has formed a new subsidiary, Canonic Ltd., which will focus on the development of next-generation medical cannabis products.
(-) Advaxis ( ADXS ) slid 29.5% after the biotechnology company priced a $10 million public offering of 2.5 million shares of its common stock at $4 apiece, or a 32.2% discount to its closing price Tuesday. Net proceeds will fund research and development and general corporate activities, the company said
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