Top Health Care Stocks
JNJ -2.00%
PZE -1.97%
MRK -1.03%
ABT -1.48%
AMGN -2.41%
Health care stocks were sharply lower, with the NYSE Health Care Sector Index dropping about 1.3% and shares of health care companies in the S&P 500 down almost 1.7% as a group.
In company news, Calithera Biosciences ( CALA ) rallied Friday after announcing an exclusive global license agreement with TransTech Pharma, securing exclusive global development and commercialization rights of TransTech's hexokinase II inhibitors.
Hexokinase II is an enzyme that limits the ability of cancer cells to convert glucose into energy, hindering their growth.
Under the terms of the agreement, CALA will pay an unspecified upfront amount to TransTech in addition to future payments and royalties as Hexokinase II reaches pre-determined clinical and commercial milestones.
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Health Care Sector Update for 03/06/2015: CALA,AVEO,AEZS
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