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

Top Healthcare Stocks

JNJ -0.41%

PZE +0.39%

MRK +0.43%

ABT +0.28%

AMGN -0.33%

Healthcare stocks were mostly higher today with the NYSE Healthcare Sector Index climbing 0.4% and the S&P Healthcare Index adding about 0.2%.

In company news, Ovascience ( OVAS ) shares fell Monday after a new report today questioned the effectiveness of the company's Augment infertility treatment.

The treatment was only effective just 27% of the time, according to the Southern Investigative Reporting Foundation report, or nearly one-half the 53% success rate cited by OVAS last week. The report also criticized the lack of a control group, making it difficult to tell whether the results were promising.

OVAS shares were down over 5% at $33.20 a share, earlier sinking as low as $31.01 a share. The stock has traded within a 52-week range of $5.51 to $33.69 a share, rising nearly 288% over the past 12 months prior to today's retreat.

In other sector news,

(+) QURE, Begins exclusive strategic collaboration with Bristol-Myers Squibb ( BMY ) to develop its gene therapy technology platform. BMY is slated to make $100 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, 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.

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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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