Healthcare Biz Review: Hospital Stocks JUMP, Shire Presents At PARIS
Hospital stocks are said by Citigroup to be the big beneficiaries from Thursday’s Supreme Court decision, as they are expected to trade substantially higher. Community Health (NYSE:CYH), HCA Holdings (NYSE:HCA), Universal Health (NYSE:UHS), and Tenet Healthcare (NYSE:THC) shares all jumped on the news. However, many analysts are urging investors to let the dust settle a bit, as they say that the healthcare fight isn’t over yet.
Shire (SHPGY.PK) reports that Phase 3 tests for its drug VPRIV, an enzyme replacement therapy for type 1 Gaucher bone disease, exhibitss significant improvement in lumbar spine bone mineral density at nine months of treatment. The data were presented during the ongoing European Working Group on Gaucher Disease meeting held in Paris.
Don’t Miss: Is Apple’s Retina REALLY Too Good to Be True?
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.