Health Care Sector Update for 03/01/2019: IMGN, MRSN, PBYI, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: +0.26%

PFE: +0.37%

ABT: Flat

MRK: Flat

AMGN: Flat

Friday pre-bell saw flat to higher health care majors.

Stocks moving on news include:

(-) ImmunoGen ( IMGN ), which was sinking by more than 47% after announcing that its late-stage "Forward I" trial evaluating mirvetuximab soravtansine compared to chemotherapy in patients with ovarian cancer did not meet its primary endpoint of "progression-free survival" ( PFS ) in either the entire study population or in the pre-specified subset of patients with high FRa expression.

(-) Mersana Therapeutics ( MRSN ) was down over 28% after pricing its underwritten public offering of 21,250,000 shares at $4.00 per share, below the stock's $5.51 close on Thursday, for gross proceeds of approximately $85.0 million.

(+) Puma Biotechnology ( PBYI ) was up more than 29% after its adjusted net loss narrowed to $0.32 per share in Q4 from $1.03 per share a year earlier, a smaller loss than analysts' estimates of $0.42 loss per share in a Capital IQ poll.

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

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This article appears in: Investing , US Markets
Referenced Symbols: IMGN , PFS , MRSN , PBYI , JNJ

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