Health Care Sector Update for 08/16/2017: CYTX,IDXG,JAGX

Top Health Care Stocks

JNJ +0.62%

PFE -0.30%

ABT +1.84%

MRK +0.10%

AMGN +0.81%

Health care stocks were narrowly higher just before today’s closing bell, with the NYSE Health Care Index posting a more than 0.2% gain while shares of health care companies in the S&P 500 also were up almost 0.1% as a group.

In company news, Cytori Therapeutics ( CYTX ) fell to within 2 cents of its record low of 31 cents a share, dropping as much as %, after the medical device company disclosed plans to issue non-transferable subscription rights to its shareholders to acquire more of its preferred and common stock.

The company plans to issue equity units consisting of one share of its Series B preferred stock as well as a warrant to buy either one share or a portion of a share, it said.

In other sector news,

(+) IDXG, UnitedHealthcare ( UNH ), through its Oxford Health Plans division, will cover the cost of the company’s ThyraMIR test for indeterminate thyroid nodules, retroactive to Aug. 1.

(-) FATE, Files $100 mln, mixed-securities registration statement with U.S. regulators, also saying one of its investors may sell up to 1 mln shares as part of the same offering. Receives U.S. patent covering the use of prostaglandins for viral transduction enhancement.

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