Health Care Sector Update for 07/08/2016: PIP
Health care stocks were finishing moderately higher compared with most other industry sectors Friday, with the NYSE Health Care Index climbing nearly 0.8% while shares of health care companies in the S&P 500 were up almost 1.1% as a group.In company news, PharmAthene ( PIP ) was little changed in late Friday trading, with shares of the specialty drugmaker backing down from their best price in five years after it received a $20 million payment from a one-time legal opponent in exchange for providing that rival with an extra three months to satisfy a $205 million judgment in PharmAthene's favor.
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