Health Care Sector Update for 04/29/2019: TTNP,DOVA,UHS

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Top Health Care Stocks

JNJ -0.14%

PFE -0.18%

ABT -0.44%

MRK +0.35%

AMGN -0.18%

Health care stocks were drifting lower in recent trade, including a fractional decline for the NYSE Health Care Index this afternoon. Shares of health care companies in the S&P 500 were down 0.1% as a group although the Nasdaq Biotechnology index was climbing 0.1%.

Among health care stocks moving on news:

(-) Titan Pharmaceuticals ( TTNP ) dropped over 2% on Monday. The company said a European advisory panel has recommended the company's Sixmo implant be approved as a substitution treatment for opioid dependence. The positive opinion now goes to the European Commission, which is expected to issue a decision by the end of June, Titan said.

In other sector news:

(+) Dova Pharmaceuticals ( DOVA ) climbed 3% on Monday after saying the European Medicines Agency recommended the company's Doptelet medication be approved to treat severe thrombocytopenia in adult patients with chronic liver disease ahead of invasive procedures. The company's CEO said the company will keep working with regulators to get marketing approval in Q3.

(-) Universal Health Services ( UHS ) slid 1% after RBC Capital Markets lowered its price target on the hospital and clinics operator by $1 to $143 a share while maintaining an outperform rating on the company's stock.

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: TTNP , DOVA , UHS

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