Health Care Sector Update for 03/06/2019: VLRX, OPTN, INFI, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: +0.42%

PFE: -0.09%

ABT: Flat

MRK: -0.12%

AMGN: Flat

Leading health care stocks were mostly flat pre-market Wednesday.

Stocks moving on news include:

(-) Valeritas Holdings ( VLRX ), which was down more than 18% even after its Q4 sales grew 19% year-over-year to $6.9 million and just beat the CapIQ mean for $6.8 million. The company reported a net loss of $0.20 per share, worse than Wall Street forecasts for a loss of $0.16.

(+) Infinity Pharmaceuticals ( INFI ) was almost 8% higher after unveiling a royalty monetization agreement with HealthCare Royalty Partners (HCR) for the right to receive certain royalty payments based on worldwide annual net sales of COPIKTRA (duvelisib), payable by Verastem.

(+) Optinose ( OPTN ) was trading more than 5% higher after the company reported financial results for Q4, with narrower-than-expected loss and revenue that topped analysts' estimates. The pharmaceutical company posted a loss of $0.64 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.

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This article appears in: Investing , US Markets
Referenced Symbols: VLRX , INFI , OPTN , JNJ , PFE

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