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Health Care Sector Update for 02/12/2019: GILD,KMDA,OHI


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Top Health Care Stocks

JNJ +1.29%

PFE +0.17%

ABT +1.38%

MRK +2.40%

AMGN +1.39%

Health care stocks were rising, including a more than 1.2% gain for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 also were up 1.3% as a group while the Nasdaq Biotechnology index was climbing about 0.9%.

Among health care stocks moving on news:

(-) Gilead Sciences ( GILD ) dropped about 4% after the biopharmaceuticals company said its selonsertib drug candidate to treat liver disease failed to meet the primary goal of a statistically significant improvement in fibrosis compared with a placebo during Phase III testing in patients with cirrhosis due to nonalcoholic steatohepatitis.

In other sector news:

(+) Kamada ( KMDA ) rose nearly 4% after the specialty drugmaker earned $0.44 per share during its Q4 ended Dec. 31, improving on a $0.16 per share profit during the same quarter last year ago and also exceeding the analyst mean.

(-) Omega Healthcare Investors ( OHI ) slid about 6% after reporting non-GAAP Q4 funds from operations of $0.73 per share, down from $0.79 per share during the year-ago period and lagging the Capital IQ consensus by $0.03 per share.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , US Markets
Referenced Symbols: GILD , KMDA , OHI



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