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Health Care Sector Update for 03/13/2019: NVCN, CASI, LXRX, JNJ, PFE, ABT, MRK, AMGN


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Top Health Care Stocks:

JNJ: +0.45%

PFE: +0.22%

ABT: +0.01%

MRK: +0.05%

AMGN: Flat

Top health care stocks were gaining in Wednesday's pre-bell trading.

Stocks moving on news include:

(-) Neovasc ( NVCN ), which was retreating by 13% after the specialty medical device company priced its previously announced underwritten public offering of 11.1 million common shares at $0.45 apiece, about a 15% discount to the stock's previous close, for total proceeds of approximately $5 million.

(+) CASI Pharmaceuticals ( CASI ) was almost 11% higher after unveiling an exclusive distribution agreement, under which China Resources Guokang Pharmaceuticals Co., Ltd. (CRGK) will be the sole distributor of melphalan hydrochloride for injection (Evomela) in China.

(+) Lexicon Pharmaceuticals ( LXRX ) was up more than 5% as i t report ed a Q4 2018 net loss per share of $0.16, compared with a loss of $0.25 during the year-ago quarter, beating the Capital IQ consensus forecast of a loss of $0.28.

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: NVCN , CASI , LXRX , JNJ , PFE




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