Health Care up on Drug Development Hopes

Dow Jones

09/18

Health-care companies rose amid drug development.

Ultragenyx shares rallied after the Food and Drug Administration granted commercial approval to one of its gene therapies for treating a rare pediatric neurodevelopmental disorder.

Shares of Tempus AI, a firm that uses artificial intelligence for medical screening, rallied after estimates of its likely Medicare reimbursement rates for cancer products.

States haven't yet been able to obtain Covid-19 shots from the Centers for Disease Control and Prevention, delaying their distribution to millions of children through federal programs.

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