Markets

Health Care Sector Update for 12/23/2015: NWBO,ADMS,GBSN

Top Health Care Stocks

JNJ +0.83%

PZE +0.25%

MRK +1.41%

ABT +1.69%

AMGN +0.15%

Health care stocks were climbing with the broader markets this afternoon, with the NYSE Health Care Index adding around 1.1% while shares of health care companies in the S&P 500 were up about 1.0% as a group.

In company news, Northwest Biotherapeutics ( NWBO ) tumbled Wednesday after the specialty drugmaker today priced a $12.6 million direct offering of 3.5 mln shares of its common stock at $3.60 each, a 19% discount to Tuesday's closing price for the stock.

The private deal with unidentified institutional investors also included five-year warrants to buy up to 1.75 million additional shares exercisable at $4.50 a share beginning six months after their issuance.

NWBO shares fell almost 19% to $3.61, staying just 10 cents above today's session low.

In other sector news,

(+) ADMS, ADS-5102 drug candidate meets primary endpoint during Phase III testing, showing statistically significant drop in levodopa-induced dyskinesia in patients with Parkinson's disease compared with placebo after 12 weeks.

(-) GBSN, Sells 2.724 mln units consisting of one share of Series E convertible preferred stock and eight Series C warrants, each convertible into four shares of common stock and exercisable at $2.55 a share.

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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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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