Health Care Sector Update for 12/12/2018: NBIX, TLGT, ADAP
Top Health Care Stocks
Health care stocks were higher Wednesday afternoon, with the NYSE Health Care Index rising 1.5% while shares of health care companies in the S&P 500 were up nearly 1.3% as a group.
In company news, Neurocrine Biosciences ( NBIX ) fell nearly 15% after it said topline data from a study demonstrated that valbenazine did not meet the primary endpoint in a study in children and adolescents with moderate to severe Tourette syndrome. The types of treatment-emergent adverse events observed in the phase 2b trial were consistent with those seen in other valbenazine studies according to a statement. The company said it continues to focus on developing treatments for neurological and endocrine-related disorders.
In other sector news,
(+) Teligent ( TLGT ) Filed a revised and restated set of results for the three months ended June 30, correcting certain accounting errors management believes were “immaterial on an individual and aggregate basis.”
(-) Adaptimmune Therapeutics ( ADAP ) Chief Technology Officer Gwen Binder will be leaving at the end of January as the company “moves into a more clinically focused stage.”
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.
Go to Appearance > Customize > Subscribe Pop-up to set this up.
Wealth Empire Newsletter
Register now for free updates and alerts
Note: I have the ability to revoke this permission at any time and ask for the removal of my personal data collected by contacting us or simply clicking Unsubscribe.