Markets
BMY

Health Care Sector Update for 04/06/2015: CYTX,QURE,NYMX

Top Healthcare Stocks

JNJ -0.31%

PZE +0.92%

MRK +0.72%

ABT -0.09%

AMGN +0.55%

Healthcare stocks were mostly higher, with the NYSE Healthcare Sector Index climbing 0.6% and the S&P Healthcare Index adding about 0.5.

In company news, Cytori Therapeutics ( CYTX ) was higher Monday after the biotech company said its Celution regenerative system has been approved for sales in China.

The Celution system takes cells out of a patient fat tissue and uses them to manage the body's immune system and helps heal wounds. The device is licensed to Lorem Vascular for Chinese sales, with the local partner placing an initial order of 23 units and plans to order at least 50 units each year over the next three years.

CYTX shares were up nearly 18% at $1.37 each after earlier climbing to a session high of $1.45 a share. The stock has traded within a 52-week range of 36 cents to $2.75 a share, dropping more than 53% over the past 12 months prior to Monday's surge.

In other sector news,

(+) QURE, (+46.3%) Begins exclusive strategic collaboration with Bristol-Myers Squibb ( BMY ) to develop its gene therapy technology platform. BMY is slated to make $100 mln in near-term payments as well as buying a 4.9% equity stake for $32 mln. QURE also can receive up to $451 mln in milestone payments.

(-) CBMG, (-7.3%) Short-sellers Citron Research calls company "a joke" in new note.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BMY PSTV

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More