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Health Care Sector Update for 03/14/2019: MLNT,SPHS,AXGT


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Top Health Care Stocks

JNJ -0.90%

PFE -1.25%

ABT +0.24%

MRK +0.59%

AMGN +0.07%

Health care stocks were falling this afternoon, including a 0.1% decline for the NYSE Health Care Index. Shares of health care companies in the S&P 500 also were down 0.3% as a group while the Nasdaq Biotechnology index was declining 0.4%.

Among health care stocks moving on news:

(+) Melinta Therapeutics ( MLNT ) climbed over 27% after late Wednesday reporting a Q4 net loss of $3.94 per share, improving on a $7.40 per share loss during the year-ago period and also beating the Capital IQ consensus expecting a $5.10 per share net loss. Revenue soared 745% year-over-year to $35.5 million, more than doubling up the $17.7 million analyst mean.

In other sector news:

(+) Sophiris Bio ( SPHS ) was 14% higher Thursday after reporting a surprise Q4 profit, earning $0.18 per share during the three months ended Dec. 31, reversing a $0.13 per share net loss during the same quarter in 2017 and easily beating the Capital IQ consensus expecting a $0.12 per share GAAP net loss.

(-) Axovant Sciences ( AXGT ) dropped 16% Thursday after pricing a $40 million public offering of 26.7 million shares of its common stock at $1.50 each, marking a 14.3% discount to Wednesday's closing price.

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: MLNT , SPHS , AXGT




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