Health Care Sector Update for 06/11/2019: CBAY, MOTS, PRVB, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: +0.45%

PFE: +0.30%

ABT: Flat

MRK: +0.65%

AMGN: +0.44%

Top health care stocks were flat to higher pre-bell Tuesday.

Stocks moving on news include:

(-) Cymabay Therapeutics ( CBAY ), which was plunging by more than 44% after the clinical-stage biopharmaceutical company unveiled disappointing 12-week topline results from an ongoing 52-week phase 2b dose-ranging, paired liver biopsy study of seladelpar for the treatment of nonalcoholic steatohepatitis (NASH).

(+) Motus GI Holdings ( MOTS ) was advancing more than 19% as it obtained 510(k) clearance from the US Food and Drug Administration for the second-generation Pure-Vu System for facilitating the cleaning of a poorly prepared colon during the colonoscopy procedure.

(+) Provention Bio ( PRVB ) was up more than 4% after saying it plans to sell 5.5 million shares in an underwritten public offering to raise funds for activities including clinical and regulatory development, via SVB Leerink and HC Wainwright as managers.

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: CBAY , MOTS , PRVB , JNJ , PFE

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