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Health Care Sector Update For 03/27/2015: Cnat,bmrn,ohrp - Nasdaq.com

Health Net Federal Services Receives Contract Extension of up to Three Additional One-Year Option Periods to Continue Providing TRICARE Services - Yahoo Finance

In company news, Conatus Pharmaceuticals ( CNAT ) extended gains Friday after the biotech company said Thursday that its emricasan drug candidate met its primary goal of reducing three biomarkers signaling liver damage during Phase II testing in patients with nonalcoholic fatty liver disease. The double-blind, placebo-controlled trial enrolled 38 patients receiving either 25 milligrams https://twitter.com/alexsimring of emricasan or a placebo twice daily. According to the company, 30% of the patients in emricasan arm demonstrated declines in the three enzymes compared with just a 4% drop in the placebo arm. The drug also was safe and well tolerated during the latest trial, with no dose-limiting toxicities and no drug-related serious adverse events observed. CNAT plans to present detailed trial results at the International Liver Congress beginning April 22 in Vienna, Austria. CNAT shares were up more than 12% at $7.60 each this afternoon, advancing to a session high of $7.76 a share. The stock has traded within a 52-week range of $5.06 to $11.74 a share, having dropped more than 29% over the past 12 month prior to today's rally.

About Health Net Federal Services Health Net Federal Services has a long history of providing cost-effective, quality managed health care programs for government agencies, including the U.S. Departments of Defense and Veterans Affairs (VA). As the managed care support contractor for the TRICARE program in the North Region, Health Net provides health care services to approximately 2.8million uniformed services beneficiaries, active and retired, and their families. In addition, Health Net provides high quality, cost-effective health care solutions for veterans, as well as behavioral health services for active duty service members, veterans and their families. Health Net Federal Services also works collaboratively with VA to administer the Patient Centered Community Care program. Health Net Federal Services processes authorizations for health care on behalf of VA for veterans to receive care from authorized community providers, schedules appointments, manages receipt of all required medical documentation for care, and processes claims for payment. For information about Health Net Federal Services, please visit www.hnfs.com . About Health Net Health Net, Inc. ( HNT ) is a publicly traded managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans. Its mission is to help people be healthy, secure and comfortable. Health Net provides and administers health benefits to approximately 6.0million individuals across the country through group, individual, Medicare (including the Medicare prescription drug benefit commonly referred to as Part D), Medicaid, dual eligible, U.S.
Health Net Federal Services Receives Contract Extension of up to Three Additional One-Year Option Periods to Continue Providing TRICARE Services - Yahoo Finance

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