Shares of healthcare companies fell as market volatility continued.
The World Health Organization on Wednesday recommended the widespread deployment of the world's first malaria vaccine to young children in sub-Saharan Africa and other at-risk regions, hoping to revive the fight against the mosquito-borne illness that kills more than 400,000 people every year.
Venture capitalists have supplied $140 million in new funding to Twin Health Inc., a startup seeking to use patient data and artificial intelligence to help people with metabolic diseases overcome their condition.
KKR-backed PHC Holdings Corp. said it plans to sell shares worth 82.55 billion yen ($740.6 million) in an initial public offering. The Japanese healthcare-device maker, formerly known as Panasonic Healthcare, said Wednesday it plans to offer 6.6 million new shares and 18.8 million shares held by existing shareholders, including KKR, Japanese trading house Mitsui & Co. and Panasonic Corp.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
10-06-21 1701ET
