Sector Update: Health Care Stocks Moderately Higher in Afternoon Trade

Last Updated: Friday, June 4, 2021 2:45 PM | MT Newswires

Health care stocks were edging higher this afternoon, with the NYSE Health Care Index rising 0.3% while the SPDR Health Care Select Sector ETF was up 0.5%.

The Nasdaq Biotechnology index also was climbing 1.4%.

In company news, shares of Cullinan Oncology (CGEM) climbed 7.8% after Friday reporting positive new data from phase I/IIa testing of its CLN-081 drug candidate in patients with non-small cell lung cancer whose tumors harbor epidermal growth factor receptor exon 20 insertion mutations, with 21 of the 42 evaluable patients in the study showing objective partial responses and 76% of all patients showing some degree of tumor regression after six weeks.

Senseonics Holdings (SENS) rose 398% after presenting data showing its implantable Eversense continuous glucose monitoring system had a confirmed hypoglycemic alert detection rate of 93% for its primary sensor and a 94% rate for a secondary sensor with modified chemistry in patients with diabetes.

Intellia Therapeutics (NTLA) was 2.2% higher after saying it plans to evaluate its NTLA-2001 drug candidate in a broader population of patients with hereditary transthyretin amyloidosis, including those with cardiomyopathy, following positive results for the CRISPR/Cas9 in vivo therapy during phase I testing.

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