Markets

Health Care Sector Update for 04/16/2015: CLRX,MMMS,MNOV,PCRX

Top Health Care Stocks

JNJ -0.44%

PZE +0.09%

MRK -0.23%

ABT -0.93%

AMGN +1.06%

Health care stocks were narrowly mixed with the NYSE Health Care Sector Index falling about 0.1% and shares of health care companies in the S&P 500 rising 0.1% as a group.

In company news, shares of health care software company CollabRx ( CLRX ) rose Thursday after agreeing to a stock swap with Medytox Solutions ( MMMS ), giving the laboratory services firm a 90% stake of the combined companies.

The companies did not immediately disclose the exchange ratio for CLRX and MMMS shares.

During the 12 months ended Dec. 31, MMMS generated $15.7 million in net income from operations on $57.9 million in revenue. CLRX posted a $4.3 million net loss and $415,000 in revenues during the past period last year.

CLRX shares were up almost 11% at $1.16 each, earlier climbing to a session high of $1.26 a share. The stock has traded within a 52-week range of $0.51 to $3.36 a share, slipping nearly 68% over the past 12 months through Wednesday's close.

MMMS also was higher, notching a 2% advance to $4.29 a share, matching its session high.

In other sector news,

(+) MNOV, (+48.4%) FDA grants Fast Track designation for its MN-001 drug candidate for the treatment of patients with nonalcoholic steatohepatitis with fibrosis.

(-) PCRX, (-9.7%) Receives Justice Department subpoena seeking documents linked to the company's Exparel painkiller.

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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