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Health Care Sector Update For 04/02/2015: Cnat,rprx,ocrx -

Health Partners Plans Joins NCOA to Help Members Save Money with BenefitsCheckUp - Yahoo Finance

( CNAT ) tumbled Thursday after today pricing a $20.1 million public offering of 3.5 million shares of its common stock at $5.75 apiece, a 15.6% discount to Wednesday's closing price for the stock. The company also issued 30-day best site options to underwriters to buy up to 525,000 more shares to cover possible overallotments. It expects to use net proceeds to fund clinical trials of its emricasan drug candidate, including preparation for registration trials of the experimental liver treatment. CNAT shares recently were down over 11% at $6.08 each, or just 8 cents above their low for the session. The stock has traded within a 52-week range of $5.06 to $11.74 a share, already slipping more than 10% before today's slide. In other sector news, (+) RPRX, FDA accepts new drug application for the company's enclomiphene citrate drug candidate to treat secondary hypogonadism in overweight men wanting to restore normal testicular function.

Our mission is to improve the lives of millions of older adults, especially those who are struggling. Through innovative community programs and services, online help, and advocacy, NCOA is partnering with nonprofit organizations, government, and business to improve the health and economic security of 10 million older adults by 2020. Learn more at and @NCOAging . About Health Partners Plans Nationally recognized for its innovations in managed care, Health Partners Plans consistently receives the highest ratings for member and provider satisfaction and is currently ranked the #1 Medicaid plan in Pennsylvania and 20th in the nation by the National Committee for Quality Assurance (NCQA). Health Partners Plans is a not-for-profit managed healthcare organization serving more than 210,000 members in the Greater Philadelphia region. It provides a broad range of health coverage options through Health Partners Medicare, Health Partners for Medicaid recipients, Health Partners Essential (Healthy PA PCO) and its KidzPartners (Children's Health Insurance Program) plan. Founded nearly 30 years ago, Health Partners Plans is one of the few hospital-owned health insurers in the country.

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