NASDAQ Names Top Five Healthcare Mutual Funds; BioCryst Merges with Presidio Pharmaceuticals; 16 States Set Up Health Insurance Exchanges by Affordable Care Act - The Health Minute for October 25, 2012

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NASDAQ Names Top Five Healthcare Mutual Funds; BioCryst Merges with Presidio Pharmaceuticals; 16 States Set Up Health Insurance Exchanges by Affordable Care Act - The Health Minute for October 25, 2012

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Thursday, October 25, 2012 - 11:45am

CONTENT: Press Release

NASDAQ has identified the top five best performing healthcare mutual funds for the year to date. They are ProFunds Biotech Ultra Sector, Rydex Biotechnology, Fidelity Select Biotechnology, and Franklin Biotechnology Discovery. Year-to-date returns range from 65 to 35 percent.

BioCryst Pharmaceuticals is merging with Presidio Pharmaceuticals in an all-stock transaction. The public Durham-based BioCryst’s late-stage drugs include a flu treatment, while the private, San Francisco-based Presidio focuses on therapies for hepatitis C.

According to the Kaiser Family Foundation, a non-partisan health policy think tank, 16 states are creating their own health insurance exchanges under the Affordable Care Act while 16 others are still studying their options. Three states are planning partnership exchanges. The exchanges are intended to offer consumers a web-based, one-stop marketplace for buying private health insurance plans. The federal government will create exchanges for states that don’t create their own.

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Keywords: 3bl Media | Affordable Care Act | BioCryst | Fidelity Select Biotechnology | Franklin Biotechnology Discovery | Healthcare Mutual Funds | NASDAQ | Presidio Pharmaceuticals | ProFunds Biotech Ultra Sector | Rydex Biotechnology | The Health Minute

CONTENT: Press Release

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