Health Care Sector Update for 06/19/2018: PSTI,CANF,SNY

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Top Health Care Stocks

JNJ +0.85%

PFE + 0.13%

ABT -1.11%

MRK -0.20%

AMGN +0.61%

Health care stocks were mostly lower Tuesday, including a more than 0.4% decline for the NYSE Health Care Index in recent trading. Shares of health care companies in the S&P 500 were down almost 0.1% as a group while the Nasdaq Biotechnology index was rising almost 0.9%.

Among health care stocks moving on news:

- Pluristem Therapeutics ( PSTI ) declined about 2% on Tuesday despite announcing a new collaboration agreement with the US Department of Defense and the US Army Medical Research Institute of Chemical Defense to study the company's PLX-R18 cell therapy product to treat long-term lung injuries following exposure to mustard gas. The Pentagon also has tapped Pluristem to study the effectiveness of PLX-R18 as a countermeasure for acute radiation syndrome by the US armed forces.

In other sector news:

+ Can-Fite Biopharma ( CANF ) advanced on Tuesday after reporting positive results from phase II testing of its namodenoson drug candidate (CF102) in patients with advanced hepatocellular carcinoma whose disease progressed during sorafenib therapy. According to the biopharmaceutical company, 19 of the the 78 patients originally enrolled in the study completed at least 12 cycles of namodenoson treatment, including three patients who completed at least 24 cycles. One patient has been receiving study medication for about three years. Accumulated data also so far points to a favorable safety profile, the company said, with no clinically significant novel or emerging events to the drug.

- Sanofi ( SNY ) was falling in recent Tuesday trading, slipping about 1%, after the drugmaker said it has named Jean-Baptiste Chasseloup de Chatillon to be its new chief financial officer, succeeding Jerome Contamine after he retires on Sept. 30. Chasseloup de Chatillon most recently was CFO at the PSA Group.

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: PSTI , CANF , SNY

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