Health Care Down as Earnings Disappoint -- Health Care Roundup
27 April 2016 - 6:41AM
Dow Jones News
The health-care sector fell as earnings came in generally weak.
Eli Lilly posted a decline in quarterly profit despite higher drug
sales as higher research-and-development costs and a currency
devaluation in Venezuela took their toll. Sarepta Therapeutics
plunged after an advisory panel to the Food and Drug Administration
voted not to recommend approval of its drug for Duchenne muscular
dystrophy, which had excited hopes among investors.
(rob.curran@dowjones.com)
(END) Dow Jones Newswires
April 26, 2016 16:26 ET (20:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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