Top Health Care Stocks
Health care stocks were slightly higher today, with the NYSE Health Care Index rising over 0.1% while shares of health care companies in the S&P 500 were up almost 0.3% as a group.
In company news, Regeneron Pharmaceuticals ( REGN ) declined Friday, at one point falling over 3.5% to a session low of $491.87 a share despite analysts at BTIG Research today raising their price target for the drugmaker's stock by $60 to $540 a share, also reiterating their Buy recommendation.
The move follows European regulators earlier this week giving marketing clearance to a combination of Regeneron's Kevzara and Sanofi's ( SNY ) methotrexate medication as a regimen for rheumatoid arthritis.
In other sector news,
(+) SKLN, Expects full European rollout of its Streamway direct-to-drain fluid disposal system by early 2018.
(-) CARA, High doses of CR845 drug candidate results in reduced pain in 34% of patients with hip or knee osteoarthritis compared with a placebo but lower doses fail to reach primary or secondary endpoints during Phase IIb testing. Price target cuts today by Stifel and Laidlaw.
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