Jitters Over China Weigh On Drug Stocks | Respond to Editor | Print By Val Brickates Kennedy MarketWatch Pulse BOSTON -- Investor jitters over the state of the Chinese economy weighed on both the broader market and drug sector early Tuesday. The NYSE Arca Pharmaceutical Index declined 1.3% to 275.94 and the NYSE Arca Biotechnology Index fell 2.3% to 1049.38. The Dow Jones Industrial Average tumbled almost 200 points to rest at 9,949. PSivida Corp. and partner Alimera Sciences were notable exceptions among the small-cap stocks. Shares of the biotech groups were up on news that they have submitted a market application for U.S. regulatory approval of their ophthalmology drug candidate Iluvien, a treatment for diabetic macular edema.
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