At almost the hallway point of the year, health care has been far and away the top performing sector. However, that doesn’t mean that volatility has left the biotech portion of the industry. Here are three stocks that dominated the action in today’s trading session.
Shares of Alexza Pharmaceuticals
If Adasuve is approved, it will face competition from injected treatments like Eli Lilly's
It’s almost shocking to witness Arena Pharmaceuticals
Investors in competitor VIVUS
I want to caution investors who are not currently invested to stay away from Arena for the time being. Although an approval is considerably more likely than I would have guessed six months ago, lorcaserin is Arena’s only late stage drug, and a rejection would be devastating.
Today was not good for Theratechnologies
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David Williamson owns shares of Pfizer, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Pfizer. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.