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|Wall Street reverses course to trade lower as health stocks drag|
The S&P Healthcare index was down 1.32 percent, with Amgen's 3 percent drop to $163.02 the biggest drag on both the S&P 500 and the Nasdaq. The Nasdaq Biotech index was down 3.5 percent as Celladon plunged about 81 percent to a record low of $2.62. U.S. Food and Drug Administration staff reviewers said Amgen's skin cancer immunotherapy cannot be considered for an accelerated review at this time, citing concerns over the design and results of a key study.
|Google launches portal to buy patents|
(Reuters) - Google Inc said it would launch an experimental portal that allows interested patent holders to sell their patents to the company. Patent holders can tell Google about the patents they're willing to sell and the expected price through the portal, the company said on its blog. Google said it will let the submitters know of its interest in buying their patents by June 26 and expects to pay the sellers by late August.