Quantcast

Health Care Sector Update for 05/17/2019: HROW,AGN,OTLK,MOR


Shutterstock photo

Top Health Care Stocks

JNJ +0.17%

PFE -0.07%

ABT +0.22%

MRK -0.41%

AMGN +0.22%

Health care stocks were posting small gains this afternoon, with the NYSE Health Care Index climbing about 0.2% in recent trade while shares of health care companies in the S&P 500 rose nearly 0.2% as a group. The Nasdaq Biotechnology index was falling more than 0.1%.

Among health care stocks moving on news:

(+) Harrow Health ( HROW ) was climbing nearly 8% on Friday. The specialty drugmaker said a federal jury found the company was liable for $48,500 in lost profit damages in a lawsuit filed by Allergen ( AGN ) but passed on the plaintiff's bid seeking up to $54 million in disgorged profits from Harrow Health.

In other sector news:

(+) Outlook Therapeutics ( OTLK ) raced more than 38% higher on Friday after the biopharmaceuticals company reported an adjusted Q2 loss of $0.58 per share, improving on a $2.15 per share non-GAAP loss during the same quarter last year and beating the Capital IQ consensus expecting a $0.66 per share adjusted loss.

(-) MorphoSys ( MOR ) fell about 1% during Friday trading. The biotechnology company reported positive results from a mid-stage trial of a combination of its tafasitamab monoclonal antibody and lenalidomide, another prospective cancer treatment in patients with lymphoma, producing a 60% best objective response rate.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , US Markets
Referenced Symbols: HROW , AGN , OTLK , MOR




More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities












Research Brokers before you trade

Want to trade FX?