Reading Time: < 1 minuteSector Update: Healthcare Shares of healthcare companies are lower ahead of the bell with Johnson Johnson (JNJ) and AstraZeneca Plc (AZN) reportedly stopping studies of experimental painkillers over concerns the new class of drugs may raise the risk of joint damage, Bloomberg reports. Endo Pharmaceutical Holdings (ENDP) said US regulators have approved its Fortesta gel as a treatment for hypogonadism or low testosterone. The company expects to launch Fortesta in the US early next year. St. Jude Medical (STJ) said it secured a new, $1.5 billion credit agreement with a group of lenders led by Bank of America (BAC), replacing … Read more
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