Top Health Care Stocks
Health care stocks were rising, including a 1.4% gain for the NYSE Health Care Index while shares of health care companies in the S&P 500 also were up 1.7% as a group. The Nasdaq Biotechnology index was climbing 1.7%.
Among health care stocks moving on news:
(+) Mirati Therapeutics (MRTX) rose 8% after a Citigroup upgrade of the early-stage oncology company to buy from neutral. The brokerage also raised its price target for Mirati shares by $56 to $132 each.
In other sector news:
(+) Proteostasis Therapeutics (PTI) was 4.7% higher, easing from a 20% advance, after the company’s PTI-428 drug candidate to treat cystic fibrosis received orphan drug designation from European regulators.
(+) BeiGene Ltd (BGNE) was rising this afternoon, climbing 3%, after Bernstein began analyst coverage of the immuno-oncology drugmaker with an outperform stock rating and a $201 price target.
Price: $ 96.58, Change: $ +7.38, Percent Change: +8.27%