Markets

Health Care Sector Update for 09/11/2015: BLCM,ARWR,NWBO

Top Health Care Stocks

JNJ -0.52%

PZE +0.29%

MRK +0.02%

ABT -0.63%

AMGN -1.14%

Health care stocks were edging higher this afternoon, with the NYSE Health Care Sector Index climbing about 0.1% and shares of health care companies in the S&P 500 also posting a 0.1% advance as a group.

In company news, Bellicum Pharmaceuticals ( BLCM ) rallied Friday after the drugmaker today was raised to Buy from Neutral in an upgrade at Guggenheim.

The Guggenheim analysts also set a $38 price target for the company's stock.

BLCM shares were up more than 3% at $18.12 each this afternoon, earlier reaching a session high of $19.24 a share.

In other sector news,

(+) ARWR, (+9.8%) Nominates ARC-HIF2 to be its first therapeutic candidate to treat clear cell renal cell carcinoma. ARC-HIF2 is delivered by a dynamic polyconjugate that targets tissues outside the liver.

(-) NWBO, (-4.7%) UK regulatory agency upholds complaint about a commercial feature in a June 2015 newspaper supplement on cancer treatments sponsored by the company, saying it promoted a drug currently not cleared for UK sales.

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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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