Top Healthcare Stocks
Healthcare stocks are narrowly lower with the NYSE Healthcare Sector Index sliding about 0.2% although shares of healthcare companies in the S&P 500 are now down over 0.5% as a group.
In company news, Vertex Pharmaceuticals Inc. ( VRTX ) is 3.2% at $74.60 a share, just a few cents off its intra-day low and the drug developer reporting interim Phase IIb test results for its investigational kinase 3 inhibitor for rheumatoid arthritis, saying the drug met its primary endpoints with statistically significant responses but investors grew concerned about its adverse-event rates.
Overall, more than half - or 51.2% - of the patients in the pooled VX-509 group experienced some adverse event, well above the 38.0% rate for patients who received placebos. Most of the observed adverse events were characterized as mild to moderate.
In other sector news,
(+) WBMD, Buys back over 5.5 mln shares now owned by Carl Icahn for $32.08 apiece, or $177.3 mln overall.
(-) VAR, Receives 510( K ) clearance from the FDA for its knowledge-based treatment planning software for radiation oncology.
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