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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.

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





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




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