Health Care Sector Update for 03/15/2019: ACHV,KPTI,SLNO,VRAY

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Top Health Care Stocks

JNJ -0.27%

PFE +0.95%

ABT +1.15%

MRK +0.21%

AMGN +1.62%

Health care stocks were finishing with moderate gains, including a nearly 0.5% rise for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 also were up almost 0.4% as a group while the Nasdaq Biotechnology index was climbing just under 0.9% this afternoon.

Among health care stocks moving on news:

(+) Achieve Life Sciences ( ACHV ) climbed over 30% on Friday after the early-stage drugmaker reported a Q4 net loss of $0.55 per share, improving on a $3.17 per share during the year-ago period and beating the single-analyst estimate expecting a $0.65 per share net loss for the three months ended Dec. 31. The company had no revenue during the quarter, as expected.

In other sector news:

(+) Soleno Therapeutics ( SLNO ) soared 90% on Friday after the Data Safety Monitoring Board overseeing phase III testing of its DCCR drug candidate in patients with Prader-Willi Syndrome recommended the study should continue without any changes.

(+) Karyopharm Therapeutics ( KPTI ) climbed almost 8% on Friday after the US Food and Drug Administration extended its priority review of a combination of the company's selinexor drug candidate with dexamethasone in patients with relapsed refractory multiple myeloma by an extra three months after Karyopharm submitted additional data at the agency's request.

(-) ViewRay ( VRAY ) declined this afternoon, falling 2%. The maker of the MRIdian radiation therapy system is projecting FY19 revenue in a range of $111 million to $124 million, narrowly lagging the $124.3 million Street view.

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: ACHV , SLNO , KPTI , VRAY

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