Health Care Sector Update for 03/06/2015: BLRX,ICEL,AEZS

Top Health Care Stocks

JNJ -2.38%

PZE -1.40%

MRK -1.90%

ABT -1.90%

AMGN -3.42%

Health care stocks were sharply lower in late trade with the NYSE Health Care Sector Index dropping about 1.7% and shares of health care companies in the S&P 500 down almost 1.9% as a group.

In company news, BioLineRx Ltd. ( BLRX ) retreated Friday after the early-stage biotech company today priced a $25 million public offering of 12.5 million American depository shares at $2 apiece, a nearly 29% discount to Thursday's closing price for the stock.

Each ADS is equal to 10 ordinary BLRX shares. The company plans to use net proceeds to fund clinical trials of its BL-8040 drug candidate to treat cute myeloid leukemia and for it BL-7010 experimental treatment for celiac disease.

BLRX shares were down more than 27% in late afternoon trading at $2.05 apiece, just a penny above their session low. The stock has traded within a 52-week range of $1.20 to $3.28 apiece, rising nearly 11% over the past year prior to today's decline.

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Health Care Sector Update for 03/06/2015: BLRX,ICEL,AEZS

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