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Health Care Down As Rally In Sector Pauses -- Health Care Roundup

09/07/2021 | 05:12pm EDT

Health-care companies fell after as a long run-up in the sector paused.

The SPDR Select Health Care exchange-traded fund, which tracks the health care sector of the Standard & Poor's 500, slipped from near all-time highs hit Friday.

Shares of BioMarin fell sharply after the U.S. Food and Drug Administration placed a hold on the clinical trial of a gene therapy because of instances of cancer in a trial on animals.

U.S.-traded shares of Danish biotech company Forward Pharma fell sharply after the company said its appeal of a European patent application ruling was rejected.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

09-07-21 1711ET

Latest news "Economy & Forex"
Latest news "Economy & Forex"