Markets

Health Care Sector Update for 09/28/2015: ONCS, RDY, VSTM

Top Health Care Stocks

JNJ +0.74%

PZE -3.23%

MRK -3.94%

ABT -2.04%

AMGN -4.17%

Health care stocks were sharply lower with another plunge for biotech shares, with the NYSE Health Care Sector Index falling nearly 3.7% and shares of health care companies in the S&P 500 down over 3.9% as a group.

In company news, OncoSec Medical ( ONCS ) slumped Monday despite the biotech company developing immunotherapies to treat various forms of solid tumors reported positive results from Phase II testing of its ImmunoPulse experimental cancer treatment.

According to the company, 11 of 14 patients, or 79%, showed an increase in IL-12 protein levels in tumor biopsy samples over baseline levels 22 days after treatment, suggesting ImmunoPulse IL-12 is leading to successful DNA transfection within the tumor.

ONCS shares were down almost 15% at $5.75 each this afternoon, earlier falling to a session low of $5.01 a share.

In other sector news,

(+) RDY, Launches 20-, 40-milligram delayed-release capsules of its esomeprazole magnesium heartburn treatment.

(-) VSTM, Stops enrollment in Phase II trial of its VS-6063 drug candidate to treat patients with mesothelioma after demonstrating no different in efficacy from placebo.

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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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