Markets

Health Care Sector Update for 05/12/2015: PTIE, PRTK, THLD

Top Health-care stocks:

JNJ: flat

PFE: -0.5%

ABT: flat

MRK: -0.6%

AMGN: -0.7%

Health-care shares were generally lower in pre-market trade Tuesday.

In health-care stocks news, Pain Therapeutics ( PTIE ) shares rose in recent pre-market trade after saying a study on its REMOXY Extended-Release Capsules CII that is designed to discourage certain common methods of drug tampering and misuse met both primary endpoints.

Shares in the company were trading 36.1% higher at $2.64 during pre-market trading . Over the past 52 weeks, the company has traded between $1.61 and $6.22.

Meanwhile coverage of specialty pharmaceutical company Paratek Pharmaceuticals Inc. ( PRTK ) has been initiated by analysts at Cantor Fitzgerald with a buy rating and a price target of $35 a share.

Shares in the company were unchanged at $27.30 during pre-market trading. Over the past 52 weeks, the company has traded between $16 and $45.96.

And Threshold Pharmaceuticals ( THLD ) shares jumped in Tuesday's pre-market session after the biotechnology company said partner Merck KGaA has received fast-track designation from the Food and Drug Administration for the development of evofosfamide to treat certain types of pancreatic cancer.

Shares in the company were trading 15.7% higher at $4.35 during pre-market trading. Over the past 52 weeks, the company has traded between $2.58 and $5.41.

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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