Health Care Sector Update for 02/27/2018: MNK, IART, AMRN, PRGO. EXEL

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Top Health care stocks:

JNJ: -03%

PFE: -0.1%

ABT: flat

MRK: +0.2%

AMGN: +0.2%

Health care shares were mixed ahead of the bell Tuesday.

Expected movers:

- Mallinckrodt ( MNK ) reported better-than-expected results for fiscal Q4 while providing guidance for 2018.

- Integra LifeSciences Holdings ( IART ) reported Q4 financial results above estimates

- Amarin ( AMRN ) posted a wider-than-expected loss but revenue exceeds forecasts

- Perrigo ( PRGO ) reported preliminary results for 2017, delayed the release of full earnings and a conference call, previously scheduled for Tuesday

Other news:

- Exelixis ( EXEL ) said that it will receive a $20 million milestone payment after its partner in Japan, Daiichi Sankyo Company, Limited, has submitted the regulatory application for esaxerenone for the treatment of patients with hypertension to the Japanese Pharmaceutical and Medicinal Devices Agency.

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: MNK , IART , AMRN , PRGO , EXEL

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