Top Health Care Stocks
Health care stocks were rising, including a nearly 0.3% gain for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 also were up almost 0.2% as a group although the Nasdaq Biotechnology index was falling over 0.9%.
Among health care stocks moving on news:
(+) Soliton ( SOLY ) climbed 6.5% after Monday saying Elizabeth Tanzi of Capital Laser and Skin Care will present preliminary data from a proof of concept study evaluating the safety and efficacy of the company's acoustic pulse device in reducing cellulite. Data from the pre-clinical trial appears to show a single pulse treatment from Soliton's RAP device operating at a higher power level than normally used for tattoo removal may be a new method for removing cellulite, the company said.
In other sector news:
(+) Catalent ( CTLT ) rose more than 15% after the contract drug manufacturer Monday said it was acquiring Paragon Bioservices, paying $1.2 billion in cash for the privately held genetic therapy firm.
(-) Aphria ( APHA ) fell 13.5% after the medical marijuana company reported a fiscal Q3 loss of $0.20 per share, reversing an $0.08 per share profit during the same quarter last year and missing the Capital IQ consensus expecting a $0.04 per share net loss. Other pot stocks also declined Monday.
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