Health Care Sector Update for 02/18/2015: EGRX, CAPN, MDAS, TEVA

Top Health Care Stocks

JNJ -0.71%

PZE -0.94%

MRK -0.16%

ABT -0.78%

AMGN +0.19%

Health care stocks were mostly lower, with the NYSE Health Care Sector Index dropping 0.6% and shares of health care companies in the S&P 500 declining 0.5% as a group.

In company news, Eagle Pharmaceuticals ( EGRX ) rose to a new all-time high Wednesday, extending its rally to a second day after last night reporting financial results for its transitional quarter ended Dec. 31 above Wall Street expectations.

Net loss attributable to common stockholders was $5.5 million, or $0.39 per share, expanding on a $4.4 million net loss during the year-ago period but still beating the Capital IQ consensus by $0.10 per share.

Revenue rose 1.8% year over year to $5.6 million, trumping analyst projections by $2.45 million. Royalty income rose 24.2% over the same quarter last year to $4.1 million, offsetting a 31.8% decline in product sales compared with last year.

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Health Care Sector Update for 02/18/2015: EGRX, CAPN, MDAS, TEVA

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