Markets

Sector Update: Healthcare Stocks Mixed Pre-Market; Dynatronics Q1 Net Loss Widens

Top Healthcare stocks:

JNJ: +0.31%

PFE: +0.38%

ABT: flat

MRK: flat

AMGN: -0.40%

Healthcare shares were generally mixed in pre-market trade on Tuesday.

In healthcare stocks news, Dynatronics ( DYNT ), a maker and distributor of medical devices and products, said its Q1 net loss widened and sales fell as the company said changes introduced under the Affordable Care Act have created uncertainty and reduced demand.

The net loss for the quarter was $161,752, $0.06 per common share, compared to net loss of $61,121, or $.02 per common share for the prior year. Analyst estimates weren't available.

Net sales in the quarter decreased 12.5% to $6,185,642.

And Valeant ( VRX ) said it plans to increase its offer, which is currently about $45.7 billion, for Allergan, which rejected the most recent proposal.

Finally, Palatin Technologies ( PTN ) has reported a fiscal Q3 net loss of $1.5 million, or $0.01 per basic and diluted share, for the quarter ended March 31, 2014, narrower than the net loss of $4.0 million, or $0.04 per basic and diluted share, for fiscal Q3 2013 and less than the $0.03 loss predicted by analysts.

There were no revenues recorded in the quarters ended March 31, 2014 and 2013, missing analyst projections of $500,000 for Q3 2014.

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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