Health Care Sector Update for 02/12/2015: MDWD,INCR,ACHN

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Health care stocks were narrowly higher, with the NYSE Health Care Sector Index rising just 0.1% and shares of health care companies in the S&P 500 climbing 0.2% as a group.

In company news, MediWound Ltd ( MDWD ) slumped Thursday after this morning reporting a wider Q4 net loss than analysts had anticipated despite the first substantial sales of the company's NexoBrid burn care products.

Net loss during the three months ended Dec. 31 grew to $7.12 million, or $0.33 per share, from just $736,000 during the same quarter last year and trailing the Capital IQ consensus looking for a $0.26 per share loss.

The company said the Q4 deficit was in-line with its expectations as it expanded its commercial organization and marketing infrastructure. Also adding to the shortfall was the start of Phase III testing of NexoBrid in pediatric patients and a Phase II study of its EscharEx enzyme treatment for hard-to-heal wounds.

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Health Care Sector Update for 02/12/2015: MDWD,INCR,ACHN

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