Health Care Steady as Caution on Risk Hurts Biotech -- Health Care Roundup

Features Dow Jones Newswires

Shares of health-care companies were more or less flat as traders retreated from the riskiest corners of the market, such as biotech, ahead of the long weekend.

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Roche Holding rose after analysts at brokerage Liberum Capital boosted their ratings on the Swiss biotech company, saying it could benefit from U.S. regulatory changes. A trader placed a roughly $2 million bet against specialty drug maker Valeant Pharmaceuticals, buying put options that expire in a year, as reported earlier.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 22, 2017 16:41 ET (21:41 GMT)