Sector Update: Health Care Stocks Log Narrow Advance; MannKind Inks Pact for Inhaled Insulin

August 11, 2014 5:50 PM

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Healthcare stocks were holding on to small gains Monday with the NYSE Healthcare Sector Index rising about 0.3% and shares of healthcare companies in the S&P 500 also ahead about 0.3% as a group.

In company news, MannKind ( MNKD ) was higher Monday after the drug-maker earlier today announced a global licensing agreement with Sanofi ( SNY ), with the companies planning a Q1 launch next year for the rapid-acting drug in the United States.

Also read: UPDATE 1-Industrial equipment hire firm Ashtead hikes annual results forecast

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