Pharmaceutical ETFs Break Out on Horizon Pharma’s Positive Drug Results
This article was originally published on ETFTrends.com.
Pharmaceutical sector-related ETFs stood out Thursday after Horizon Pharma (HZNP) revealed positive test results for its treatment of thyroid eye disease, or TED. Among the better performing non-leveraged ETFs of Thursday, the First Trust Nasdaq Pharmaceuticals ETF (NasdaqGM: FTXH) rose 1.8%, Invesco Dynamic Pharmaceuticals ETF (NYSEArca: PJP) gained 1.5% and SPDR Pharmaceuticals ETF (NYSEArca: XPH) [...]