Markets

Health Care Sector Update for 06/26/2017: MTNB,SRNE,NEOT

Top Health Care Stocks

JNJ +0.09%

PFE -0.25%

ABT -0.05%

MRK -0.42%

AMGN +0.68%

Health care stocks were little changed in recent trade, with the NYSE Health Care Index slipping less than 0.1% while shares of health care companies in the S&P 500 were up less than 0.1% as a group.

In company news, Matinas BioPharma Holdings ( MTNB ) dropped more than 49% to a session low of $1.40 a share after the specialty drugmaker said its MAT2203 product candidate failed to perform better than a rival treatment for yeast infections already on the market during Phase II testing.

According to top-line data from the trial released on Monday, while MAT2203 was safe and well tolerated by women with moderate to severe vulvovaginal candidiasis, its clinical and mycological responses did not measure up to the company's expectations and lagged those for fluconazole, currently the recommended treatment for the condition.

In other sector news,

(+) SRNE, (+12.6%) Announces successful Phase I/II pharmacokinetic bridging trial of its SP-102 lead product candidate, demonstrating an extended product residency time at the site of epidural injection.

(-) NEOT, (-70.0%) LIPO-202 drug candidate fails to show efficacy reducing submental subcutaneous fat; LIPO-202 did not show efficacy in the reduction of submental fat or separation compared with a placebo.

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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