Top Health Care Stocks <\/p>\n
JNJ -0.25% <\/p>\n
PFE 0.00% <\/p>\n
ABT -0.34% <\/p>\n
MRK -1.18% <\/p>\n
AMGN -2.68% <\/p>\n
Health care stocks were mostly lower today with the NYSE Health Care Sector Index retreating about 0.6% and shares of health care companies in the S&P 500 down about 0.5% as a group. <\/p>\n
In company news, Sorrento Therapeutics ( SRNE ) climbed Monday after the biotech company said it has signed a global collaboration agreement with NantWorks founder and industry entrepreneur Patrick Soon-Shiong. <\/p>\n
SRNE shares of the biopharmaceutical company were up more than 25% at $7.28 each shortly before the closing bell, well off its $7.58 session high earlier today. The stock has traded within a 52-week range of $3.10 to $16.40, falling about 28% over the past year prior to today's rise. <\/p>\n
Under the terms of the agreement, SRNE and NantWorks and SRNE will partner to develop next-generation immunotherapies to treat cancer and auto-immune diseases. The companies also plan to launch The Immunotherapy Antibody joint venture as a stand-alone entity, providing a combined $20 million in initial funding. <\/p>\n
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Health Care Sector Update for 12\/15\/2014: SRNE,AZN,OPK,SPHS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Top Health Care Stocks JNJ -0.25% PFE 0.00% ABT -0.34% MRK -1.18% AMGN -2.68% Health care stocks were mostly lower today with the NYSE Health Care Sector Index retreating about 0.6% and shares of health care companies in the S&P 500 down about 0.5% as a group. In company news, Sorrento Therapeutics ( SRNE ) climbed Monday after the biotech company said it has signed a global collaboration agreement with NantWorks founder and industry entrepreneur Patrick Soon-Shiong Continue reading