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Health Care Sector Update For 02/13/2015: Tipt, Nvs - Nasdaq.com

Health http://alexsimring.blogspot.com/ Care Sector Update for 02/13/2015: - NASDAQ.com

In health-care stocks, Care Investment Trust ( TIPT ) said Friday it formed a joint venture with affiliates of Royal Senior Care Management to own and run 5 senior housing communities located in Florida and South Carolina. The equity real estate investment trust said the 5 senior housing facilities were acquired for $29.2 million by the JV on Feb. 9. And, ADRs of Norvatis AG ( NVS ) were down slightly late session Friday after the drugmaker said its investigational medicine for the treatment of heart failure with reduced ejection fraction LCZ696 was granted priority review by the U.S. FDA. The total review time on LCZ696 was reduced from 12 to 8 months, with the target FDA action date set for August 2015. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. Copyright (C) 2014 MTNewswires.com. All rights reserved.
http://www.nasdaq.com/article/health-care-sector-update-for-02132015-tipt-nvs-cm444467

Prana Biotechnology ( PRAN ) is sharply lower after the U.S. Food and Drug Administration (FDA) has issued a Partial Clinical Hold on clinical trials evaluating its lead drug candidate PBT2 for the treatment of Huntington's disease. The FDA based the clinical hold on non-clinical (animal) findings which currently limits the dose of PBT2 that can be given to patients with Huntington's disease. Idera Pharmaceuticals ( IDRA ) priced an underwritten public offering of 20 million shares of common stock for a public offering price of $3.75 per share, a 12% discount to the stock's Thursday closing price. Cytokinetics ( CYTK ) reported late Thursday better-than-expected Q4 earnings and guided full-year 2014 revenues in line to above consensus forecasts compiled by Capital IQ. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
http://www.nasdaq.com/article/health-care-sector-update-for-02132015-cm444440

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