Sector Update: Health Care
Healthcare stocks turned higher this afternoon with the NYSE Healthcare Sector Index rising about 0.4% and shares of healthcare companies in the S&P 500 rising about 0.1% as a group.
In company news, Liberator Medical Holdings ( LBMH ) was higher in late afternoon trading and the medical device company increasing its quarterly dividend by 8.3% over the prior quarter to $0.0325 per share, payable Oct. 10 to shareholders of record on Sept. 26.
LBMH shares were up about 5.2% at $2.83 apiece shortly before the closing bell, just 6 cents under its session high. The stock has traded within a 52-week range of $1.46 to $6.00 a share, more than doubling in value over the past 12 months, rising 104%.
In other sector news,
(-) KIN, Said its CereKin interleukin-1 inhibitor did not meet primary endpoint of reducing osteoarthritis pain and inflammation in dogs during randomized, double-blind placebo-controlled clinical testing.
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