Quantcast

Health Care Sector Update for 06/14/2018: NVAX,TLGT,SNOA


Shutterstock photo

Top Health Care Stocks

JNJ -0.24%

PFE -0.19%

ABT +0.43%

MRK -1.0%

AMGN +0.58%

Health care stocks were moderately higher Thursday, including a more than 0.2% gain for the NYSE Health Care Index in recent trading. Shares of health care companies in the S&P 500 were up nearly 0.3% as a group while the Nasdaq Biotechnology index was rising almost 0.7% Thursday.

Among health care stocks moving on news:

+ Novavax ( NVAX ) was hanging on to a slim rise Thursday afternoon, giving back a large slice of a more than 4% gain earlier in the session that followed the early stage vaccine company reporting positive results from a phase I/II trial comparing in older adults its Matrix- M adjuvanted nanoparticle seasonal influenza vaccine candidate with the IIV3-HD egg-based, high-dose influenza vaccine now in the market. The study showed Hemagglutination inhibition immune responses were 28% to 64% greater against homologous and four generations of drifted wild-type A(H3N2) influenza strains. Novavax now plans to begin a phase II trial later this summer.

In other sector news:

+ Teligent ( TLGT ) rallied Thursday after the US Food and Drug Administration late Wednesday approved the new drug application for its Diflorasone diacetate 0.05% anti-inflammatory ointment. The regulatory nod was the company's fifth so far this year. It is expecting a commercial launch of the new ointment later this summer.

- Sonoma Pharmaceuticals' ( SNOA ) was more than 21% lower in recent Thursday trading after reporting a fiscal Q4 net loss of $0.93 per share in Q4 compared with a $0.57 per share loss during the same quarter last year and missing the Capital IQ consensus by $0.28 per share. Revenue fell to $3.66 million from $4.03 million a year ago, also lagging the $4.5 million estimate.

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: NVAX , TLGT , SNOA



More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?