Sector Update: Health Care Stocks Edge Higher Premarket Thursday

Last Updated: Thursday, August 18, 2022 9:21 AM | MT Newswires

Health care stocks were edging higher premarket Thursday, with the Health Care SPDR (XLV) 0.05% higher and the iShares Biotechnology Index (IBB) gaining 0.04%.

Plus Therapeutics (PSTV) shares were surging past 106% after announcing that it secured a $17.6 million grant to fund the continued development of its investigational radiotherapeutic, Rhenium-186 NanoLiposome, intended for the treatment of patients with leptomeningeal metastases, a type of cancer.

LumiraDx (LMDX) shares were 4% lower after it reported a Q2 loss of $0.58 per diluted share, compared with a loss of $0.12 a year ago. Three analysts polled by Capital IQ estimated a loss of $0.26.

Jazz Pharmaceuticals (JAZZ) said it has initiated a phase 3 trial to investigate the efficacy and safety of its cannabidiol treatment Epidiolex in children and adolescents with epilepsy with myoclonic-atonic seizures. Jazz Pharmaceuticals stock was down more than 1% recently.

Share this article:

Related Companies

You May Also Like