Markets

Health Care Sector Update for 08/15/2016: RTTR,AAC,AUPH

Top Health Care Stocks

JNJ -0.59%

PFE +0.19%

MRK +0.38%

ABT +0.32%

AMGN +0.87%

Health care stocks have turned solidly positive this afternoon, with the NYSE Health Care Index climbing to a 0.3% gain, reversing an earlier decline, while shares of health care companies in the S&P 500 were up 0.3% as a group.

In company news, Ritter Pharmaceuticals ( RTTR ) shares sprang to big gain on Monday after the specialty drugmaker said it has completed enrolling patients for Phase IIb/III testing of its RP-G28 investigational compound to treat lactose intolerance.

Topline results of the new trial should be available early next year, the company said.

RTTR shares were up 9% in recent trade at $1.40 apiece after earlier climbing to a session high of $1.50 a share.

In other sector news,

(+) AAC, (+7.6%) Raymond James upgrade to Strong Buy from Outperform.

(-) AUPH, (-55.8%) Says Voclosporin drug candidate met primary endpoint of a statistically significant increase in complete recovery compared with mycophenolate mofetil during Phase IIb study in patients with lupus nephritis.

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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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