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Health Care Sector Update for 03/26/2019: KOOL,NTRA,CDNX,LIFE,OPGN


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Top Health Care Stocks

JNJ +1.29%

PFE +1.11%

ABT +0.72%

MRK +0.35%

AMGN +0.73%

Health care stocks were moderately higher this afternoon, including a more than 0.4% gain for shares of health care companies in the S&P 500 while the Nasdaq Biotechnology index was climbing about 1.0%. The NYSE Health Care Index climbed nearly 0.4%.

Among health care stocks moving on news:

(-) Cesca Therapeutics ( KOOL ) dropped over 11% on Tuesday after the cell-based therapeutics company reported a FY18 net loss of $2.16 per share, representing a nearly four-fold increase over its $0.55 per share net loss during the prior-year period. Revenue fell 24.3% to $9.67 million during the 12 months ended Dec. 31 from $12.77 million in FY17. Analyst estimates were not available for comparison.

In other sector news:

(+) aTyr Pharma ( LIFE ) was climbing about 5% this afternoon after the immuno-oncology company late Monday nearly halved its Q4 net loss compared with the year-ago period, reporting a $0.21 per share net loss for the three months ended Dec. 31 versus a $0.39 per share loss during the final quarter in 2017. aTyr had no revenue during either reporting period.

(-) Natera ( NTRA ) was narrowly lower this afternoon. The genetic testing company Tuesday said it was partnering with privately held AMAL Therapeutics to assess the safety, tolerability and preliminary efficacy of a combination of its ATP128 cancer vaccine and a PD1 blockade in patients with stage IV colorectal cancer. Natera also was sued late Monday in a federal court in Delaware, accused of infringing on two Stanford University patents licensed by CareDX (CDNX) with its cell-free DNA test for potential rejection in transplant patients.

(-) OpGen ( OPGN ) plunged 36% after the precision medicines company priced a $5.4 million public offering of 9 million shares of its common stock at $0.60 cents apiece, representing a 32% discount from Monday'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.

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This article appears in: Investing , US Markets
Referenced Symbols: KOOL , LIFE , NTRA , OPGN



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