Health Care Sector Update for 03/14/2019: AXGT, JNJ, BDX, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: -0.93%

PFE: -0.02%

ABT: Flat

MRK: -0.49%

AMGN: Flat

Leading health care stocks were mixed in pre-market trading Thursday.

Stocks moving on news include:

(-) Axovant Sciences ( AXGT ), which was down more than 18% after the company priced a public offering of 26.7 million shares at $1.50 per share, a 14.3% discount from the stock's previous close, for total expected gross proceeds of $40 million.

In other sector news:

(-) Johnson & Johnson ( JNJ ) was over 1% lower after media reports that the company was ordered by a California jury to pay $29.4 million to a woman who said that asbestos found in the company's talcum-powder-based products caused her cancer, marking another defeat for the health care company that is facing multiple talc-related trials this year.

(=) Becton, Dickinson and Co. ( BDX ) was flat after saying the US Food and Drug Administration (FDA) has granted premarket approval for its Venovo venous stent.

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: AXGT , JNJ , BDX , PFE , ABT

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