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Healthcare Stocks Flat to Higher Pre-Market; Aerie Reports Positive Results from Phase 1 Pharmcokinetics Study of Eye Drops

Healthcare stocks:

JNJ: +0.88%

PFE: +0.26%

ABT: flat

MRK: flat

AMGN: -0.48%

Healthcare shares are flat to higher in pre-market trade.

Mylan Inc. ( MYL ) says its U.S.-based subsidiary Mylan Pharmaceuticals Inc. has launched Mycophenolic Acid Delayed-release Tablets, 180 mg and 360 mg.

This product is the generic version of Novartis' Myfortic Delayed-release Tablets. Mylan was the first company to have filed a substantially complete Abbreviated New Drug Application containing a Paragraph IV patent certification for Mycophenolic Acid Delayed-release Tablets, 360 mg, and was awarded 180 days of marketing exclusivity for this strength. The company received final approval from the U.S. Food and Drug Administration.

And, clinical-stage pharmaceutical company Aerie Pharmaceuticals, Inc. ( AERI ) reported Thursday top-line results from the recently completed Phase 1 pharmacokinetics (PK) study of AR-13324 eye drops, administered to 18 healthy individuals over an 8-day period to assess systemic exposure to the drug.

The completion of the PK study is an important step in preparing for two planned Phase 3 registration studies of AR-13324, which are expected to commence by mid-2014.

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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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