CORAL GABLES, FL / ACCESSWIRE / November 1, 2018 / The healthcare sector is often regarded as a hedge from regular market forces. Recent volatility has brought this particular topic to light ahead of US midterm elections. Care in the form of providers, equipment, medicine, technology and services are linked to increasing demand as the aging population grows. Over the last few days, prices of the iShares Nasdaq Biotech ETF (IBB) as well as the SPDR Healthcare ETF (XLV) have recovered from previous lows this week. With these latest industry moves, companies like Premier Health Group, Inc. (PHGRF)(PHGI.CN), Sellas Life Sciences Group (NASDAQ: SLS) and Cigna Corp. (NYSE: CI) are bucking this new trend in healthcare innovation.
Premier Health Group, Inc. (PHGRF)(PHGI.CN) successfully acquired HealthVue Medical Clinics this past August. With this acquisition, Premier was able to enter the primary care clinic andhealth care technology business. HealthVue is a group of four Greater Vancouver-based fully integrated, paperless and electronic-medical-record-based medical clinics with a 10-year history, 22health care professionals and over 100,000 active patients. The clinics have seen revenue growth in excess of 25per cent year over year for the past three years and thus far accounted for over 36,000 patient visits in 2018. HealthVue will open its fifth clinic in Q4 2018.
In the U.S. market, alone, the Telehealth industry is on fire right now, predicted to reach a $2.8 billion valuation by 2025, with the heat only intensifying with time. According to Reuters, the deployment of telemedicine has significantly altered the healthcare paradigm, due to the many technological advancements in the field of medical devices and services.
Premier Health Group, Inc. (PHGRF)(PHGI.CN) saw its shares trade higher onWednesday. Market activity in the United States appears to have picked up after the company's most recent announcement. Shares of Premier Health Group, Inc. (PHGRF)(PHGI.CN) have begun to trade on the OTC Markets Group Inc.'s OTCQB Venture Market in the United States, under the symbolPHGRF this month, and are now Depository Trust Company eligible, effective Oct. 22, 2018.
For More Information On Premier Health Group, Click Here
Sellas Life Sciences Group (NASDAQ: SLS) saw its shares gap up during premarket hours on Thursday morning. Sellas is a clinical-stage biopharmaceutical company focused on the development of novel cancer immunotherapies for a broad range of cancer indications. The company most recently reported data from the prospective, randomized, single-blinded, controlled Phase 2b independent investigator-sponsored clinical trial of the combination ofnelipepimut-S (NeuVax™, NPS) +/- trastuzumab (Herceptin®) targeting HER2 low-expressing breast cancer patient cohorts. The data were presented in an oral presentation at the European Society for Medical Oncology (ESMO) 2018 Annual Meeting, being held in Munich, Germany.
In the October 22 release, Dr. Angelos Stergiou, MD, ScD h.c., President and Chief Executive Officer of SELLAS said, "The combination of NPS and trastuzumab demonstrated a clinically meaningful and statistically significant difference in the cohort of patients with TNBC with a 75.2% reduction in risk of relapse or death at 26 months. Importantly, following review of the final data that were also assessed by the independent Data Safety Monitoring Board (DSMB) on October 15, 2018, there was an incremental further improvement of clinical benefit to patients now observed in comparison with the data from the interim analysis completed more than six months ago."
For More Information On Sellas Life Sciences Group, Click Here
Cigna Corp (NYSE: CI) has been expanding its reach into healthcare technology. Telehealthcare has continued to grow as noted with Premier Health mentioned above. Cigna is also throwing its hat into the ring. William Lopez, M.D., CPE, Senior Medical Director, Behavioral Health of Cigna Behavioral Health, in his keynote Key Issues Shaping The Market For Complex Consumers: The Health Plan Perspective On What Executives Need To Know To Succeed, discussed the Cigna plans use telemedicine for behavioral coordination of care and psychiatric consultation.
Cigna said on Thursday its $52-billion acquisition of pharmacy benefits manager Express Scripts Holding Co (ESRX.O) was on track to close by the end of the year.
Chief Executive Officer David Cordani said on a conference call that the deal has won 23 state approvals, with six other approvals pending. The Department of Justice cleared the deal in September.
For More Information On Cigna, Click Here
What Is Stock Price (StockPrice.com)?
Stock Price is defined as the price of a single share of a number of saleable stocks of a public company. A stock price is the highest amount an investor or trader is willing to pay for the stock, or the lowest amount that it can be bought for.
StockPrice.com was created for everyone that wants the latest stock quotes, stock charts, company news, and the best financial content.
At Stock Price (StockPrice.com), you get free stock quotes, up-to-date news, international market data, social interaction and the best financial content that will help you manage your financial life.
Legal Disclaimer
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. JSG Communications, LLC which owns www.StockPrice.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
JSG Communications, LLC, which owns www.StockPrice.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. JSG Communications, LLC, which owns www.StockPrice.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Pursuant to an agreement between MIDAM VENTURES, LLC an affiliate of JSG COMMUNICATIONS LLC and Premier Health Group Inc. we were hired for a period from 10/1/2018 — 4/1/2018 to publicly disseminate information about Premier Health Group Inc. including on the Website and other media including Facebook and Twitter. We were paid $100,000 (CASH) for & were paid "500,000" shares of restricted common shares. We own zero shares of Premier Health Group Inc., which we purchased in the open market. Once the (6)
Contact Information:
SOURCE: StockPrice.com