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Biotech / Medical : Ebola Outbreak 2014 - News, Updates and Related Investments

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From: statesidereport8/18/2014 1:22:44 PM
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TKM - New coverage - outperform:

Sector Update: Health Care

By MT Newswires, August 18, 2014, 01:12:04 PM EDT
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Healthcare stocks were mostly higher today with the NYSE Healthcare Sector Index adding almost 0.9% and shares of healthcare companies in the S&P 500 climbing about 0.7% as a group.

In company news, shares of Tekmira Pharmaceuticals Corp ( TKMR ) returned to their winning ways Monday after the drug-maker working on a possible vaccine to treat the ebola virus received an Outperform rating today in new coverage at Leerink Swan.

The research shop also set a $25 price target for the stock.

TKMR shares were ahead more than 12% at $20.30 apiece in recent trade, earlier climbing to a session high of $20.24 a share. The stock has traded within a 52-week range of $5.08 to $31.48 a share, spiking over 291% over the past 12 months.

In other sector news,

(-) SRNE, (-2.6%) Researchers publish data supportive of MYC inhibitor technology licensed by the company from the The Scripps Research Institute, but also say "MYC is a very important but yet unsuccessfully pursued target for cancer therapy."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

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