Health Care Sector Update for 03/30/2015: ADMP,ICEL,BDSI

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Health care stocks were higher in afternoon trade, with the NYSE Health Care Sector Index rising 1.1% and shares of health care companies in the S&P 500 up 0.9% as a group.

In company news, Adamis Pharmaceuticals Corp ( ADMP ) tumbled Monday after saying federal regulators have sent a Complete Response Letter to the drugmaker's new drug application for its prospective single-use epinephrine injection for acute allergic reaction.

According to the company, the U.S. Food and Drug Administration's questions only pertain to the dosing volume delivered by the syringe, including the levels contained in the drug's labeling claims and as required by the FDA.

No other safety or efficacy issues were raised by the agency, which is keeping the company's new drug application open during the review.

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Health Care Sector Update for 03/30/2015: ADMP,ICEL,BDSI

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