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Health Care Sector Update for 04/15/2015: LXRX, GLMD, NAVB

Top Health-care stocks:

JNJ: +0.1%

PFE: +1.6%

ABT: flat

MRK: +0.5%

AMGN: +0.1%

Health-care shares were generally higher in pre-market trade Wednesday.

In health-care stocks news, Lexicon Pharmaceuticals ( LXRX ) shares climbed in Wednesday's pre-market session after the biopharmaceutical company said it and biopharmaceutical giant Bristol-Myers Squibb ( BMY ) have selected a development candidate for neuropathic pain as part of their alliance on neuroscience drug discovery and development.

Shares in the company were trading 12.1% higher at $1.02 during pre-market trading . Over the past 52 weeks, the company has traded between $0.80 and $1.82.

Meanwhile Galmed Pharmaceuticals ( GLMD ) shares were initiated by Roth Capital with buy rating and $20 price target.

Shares in the company were 3.6% higher at $9.10 during pre-market trading. Over the past 52 weeks, the company has traded between $4.58 and $13.50.

And Navidea Biopharmaceuticals ( NAVB ) Wednesday reported it is scheduled to present data on April 22 at the American Association of Cancer Research (AACR) meeting regarding its therapies to treat Karposi's Sarcoma, a cancer that causes abnormal tissue to grow under the skin, usually in reaction to herpes viruses, and often seen by HIV experts.

Shares in the company were unchanged at $1.52 during pre-market trading. Over the past 52 weeks, the company has traded between $0.97 and $2.02.

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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