Health Care Sector Update for 05/14/2019: CTST, KMDA, MNK, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: +0.13%

PFE: +0.22%

ABT: Flat

MRK: +0.56%

AMGN: +0.54%

Top health care stocks were mostly higher in pre-bell trading Tuesday.

Stocks moving on news include:

(+) CannTrust Holdings ( CTST ), which was advancing by more than 6% after reporting Q1 earnings of CAD0.12 ($0.09) per share, flat with CAD0.12 in the same period a year ago. Analysts polled by Capital IQ expected a loss of $0.07 per share.

(+) Kamada ( KMDA ) was up more than 4% as the protein-based pharmaceuticals developer posted Q1 earnings of $0.12 per share, up from $0.03 in the same period a year ago. Analysts polled by Capital IQ had expected $0.03 per share.

In other sector news:

(+) Mallinckrodt ( MNK ) was 1% higher after saying it has attained target enrollment of 300 participants in its phase 3 Confirm clinical study to assess the efficacy and safety of its investigational drug candidate terlipressin in adult patients with Hepatorenal Syndrome Type 1, an acute disease characterized by complications of liver disease that leads to kidney failure.

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: CTST , KMDA , MNK , JNJ , PFE

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