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Health Care Sector Update for 01/15/2016: IPXL,SHPG,SRPT

Top Health Care Stocks

JNJ -1.69%

PZE -1.06%

MRK -1.14%

ABT -1.15%

AMGN -0.99%

Health care stocks were paring some of their prior losses, with the NYSE Health Care Index sliding about 1.7% lower while shares of health care companies in the S&P 500 were down 1.6% as a group.

In company news, Impax Labatories ( IPXL ) overcame downward momentum for most stocks and ended higher after U.S. regulators approved the company’s supplemental new drug application contract for its Emverm 100-milligram chewable tablets for Pinworm.

The company is expecting to begin commercial distribution of Emverm early in Q2, it said.

IPXL shares were up almost 2% at $39.00 apiece in late trade, easing from a session high of $39.17 a share.

In other sector news,

(-) SHPG, Upgrade to Buy from Neutral at Bank of America Merrill Lynch.

(-) SRPT, FDA concludes data for eteplirsen drug candidate “did not provide statistical evidence to support efficacy in patients who have a confirmed mutation of the DMD gene.”

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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Health Care Sector Update for 01/15/2016: IPXL,SHPG,SRPT Reviewed by on . Top Health Care Stocks JNJ -1.69% PZE -1.06% MRK -1.14% ABT -1.15% AMGN -0.99% Health care stocks were paring some of their prior losses, with the NYSE Health C Top Health Care Stocks JNJ -1.69% PZE -1.06% MRK -1.14% ABT -1.15% AMGN -0.99% Health care stocks were paring some of their prior losses, with the NYSE Health C Rating:
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