Health Care Sector Update for 03/24/2015: MDXG,ABMD,CTIX

Top Health Care Stocks

JNJ -0.93%

PZE -1.40%

MRK -0.80%

ABT -0.15%

AMGN -0.20%

Health care stocks were leading Tuesday's markets lower, with the NYSE Health Care Sector Index dropping about 0.6% and shares of health care companies in the S&P 500 also retreating 0.8% as a group.

In company news, MiMedx Group Inc. ( MDXG ) sprang higher Tuesday after late yesterday saying the U.S. Justice Department has declined to proceed in a potential whistle-blower case against the tissue-processing company over its marketing practices.

The U.S. Department of Health and Human Services inspector general in late December sent a subpoena to MDXG as part of a civil investigation. MDXG said it cooperated fully with investigators, providing over 100,000 lines of electronic data to the inspector general.

At the same time it disclosed the government probe, MDXG also said it had filed suit against Organogenesis Inc., alleging the rival artificial-skin company of spreading "material misinformation" that resulted in Veterans Administration temporarily removing some MDXG products from its supply schedule in 2013.

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Health Care Sector Update for 03/24/2015: MDXG,ABMD,CTIX

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