Health-Care Shares Slip on Weaker Earnings -- Health-Care Roundup

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Health-care shares fell after weak earnings reports.

The world's biggest seller of generic drugs, Israel's Teva Pharmaceutical Industries, cut its full-year outlook for the second time this year, blaming price pressure in its U.S. business and greater competition for its blockbuster multiple sclerosis drug.

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Insys Therapeutics missed analysts' estimates in its latest quarter and set aside roughly $150 million to cover potential settlement costs, following news that its co-founder and former chief executive had been charged with conspiracy.

Altria Group has developed ways of producing reduced-nicotine cigarettes as the Marlboro maker attempts to get ahead of potential federal requirements for tobacco companies to change their products.

Write to Amy Pessetto at amy.pessetto@wsj.com

(END) Dow Jones Newswires

November 02, 2017 17:41 ET (21:41 GMT)