Markets

Health Care Sector Update for 07/21/2015: MMSI,NEOG,CYTR

Top Health Care Stocks

JNJ -0.17%

PZE -0.62%

MRK -0.51%

ABT -0.20%

AMGN -0.66%

Health care stocks were mostly lower today, with the NYSE Health Care Sector Index declining 0.7% and shares of health care companies in the S&P 500 down about 0.6% as a group.

In company news, Merit Medical Systems ( MMSI ) shares advanced to a new, all-time high on Tuesday after the interventional and diagnostic medical device company last night named F. Ann Millner as a new independent director on the Merit Medical board.

Millner currently is a regents professor in health administrative services as well as a past President at Weber State University in Ogden, Utah. She also is serving in her first term as a Republican state senator in Utah, representing parts of three counties in the northeastern corner of the state.

In her new role at Merit Medical, Millner will serve on the board's nominating and corporate governance committees.

MMSI shares were up almost 1% at 22.05 apiece, earlier climbing to a record high of $22.41 a share. Entering today's session, the stock already had risen more than 45% over the past 12 months.

In other sector news,

(+) NEOG, (+14.6%) Fiscal Q4 EPS of $0.25 matches Capital IQ consensus. Revenue climbs 16.8% over year-ago levels to $78.6 mln, topping Street view by $4.29 mln.

(-) CYTR, (-22.0%) Prices $25 million public offering of 9.1 million shares at $2.75 each, a 27.6% discount to Monday's closing price.

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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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