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Health Care Sector Update for 05/10/2018: ARMO, LLY, VRX, MNOV, EGRX


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Top Health care stocks:

JNJ: flat

PFE: -0.6%

ABT: -1.3%

MRK: flat

AMGN: flat

Health care shares were lower ahead of the bell on Thursday.

Expected movers:

- ARMO Biosciences ( ARMO ): agrees to be bought by Eli Lilly ( LLY ) for $50/share

- Valeant ( VRX ): looks to refinance existing credit agreement

- MediciNova ( MNOV ): gets go-ahead from FDA for clinical trial of combination brain tumor therapy

- Eagle Pharmaceuticals ( EGRX ): Q1 adjusted profit, revenue fall below Street estimates

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: LLY , MNOV , EGRX



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