Sector Update: Healthcare Shares Flat in Pre-Market Trade


Top Healthcare stocks:

JNJ: flat

PFE: +0.03%

ABT: flat

MRK: flat

AMGN: flat

Healthcare shares were generally flat in pre-market trade on Monday.

In healthcare stocks news, Merck & Company ( MRK ) said the European Medicines Agency has accepted for review its marketing authorization application for Pembrolizumab to treat advanced melanoma.

Merck said it plans regulator filings for the drug in other countries outside Europe by the end of 2014. The drug is currently also under review in the U.S.

MRK closed down 1.7% on Friday.

And, Kindred Healthcare ( KND ) said in a letter to Gentiva Health Services' ( GTIV ) CEO and chairman it wants to sit down to discuss its offer for the company and also raised concerns about market reports that Gentiva may be pursuing an acquisition of Amedisys ( AMED ).

Kindred's $14.50 per share all-cash offer was a 70% premium to Gentiva's closing price on May 14, the day before it made its offer public.

Finally, Actavis Plc ( ACT ) said it is the target of a patent lawsuit that seeks to prevent the drugmaker from making a generic version of a treatment for opioid addiction.

Actavis had filed an abbreviated new drug application with the U.S. Food and Drug Administration to get approval to sell a generic version of Zubsolv, which is marketed by Orexo Ab, according to a statement by Actavis.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: MRK , KND , GTIV , AMED , ACT

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