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

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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.

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

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