Healthcare Business Recap: Rosetta Shares POP, Johnson & Johnson PARTNERS With Glaxo
Shares of Rosetta Genomics Ltd. (NASDAQ:ROSG) gained a third of their value on Thursday, subsequent Aegis Capital’s initiation coverage with a Buy plus a price target of $16. The stocks had notably spiked on Monday as well, on word of new management hires.
Johnson & Johnson (NYSE:JNJ) division Janssen Biologics said that it has started the Phase 3 development program for sirukumab as part of a collaboration with GlaxoSmithKline (NYSE:GSK). The drug is a human anti-interleukin-6 monoclonal antibody which is being evaluated for the treatment of adults who suffer from moderately to severely active rheumatoid arthritis.
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