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Health Care Sector Update for 07/30/2018: SOHU,MNOV,MRK


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Top Health Care Stocks

JNJ +0.24%

PFE +0.53%

ABT -0.10%

MRK +1.70%

AMGN -0.94%

Health care stocks were slightly lower in recent trading, including a less than 0.1% decline for the NYSE Health Care Sector Index. Also, shares of health care stocks in the S&P 500 also were down almost 0.1% as a group while the Nasdaq Biotechnology Index was declining over 0.8%.

Among health care stocks moving on news:

- Sohu.com ( SOHU ) dropped over 14% on Monday after Q2 its revenue lagged the $506.8 million Capital IQ consenus by $20.8 million, although its non-GAAP net loss was smaller than expected. Its projected Q3 earnings and revenue also trail Street views.

In other sector news:

+ Merck ( MRK ) was more than 1% higher on Monday after the pharmaceuticals giant said a European advisory panel recommended a combination of its Keyruda cancer medication with pemetrexed and platinum chemotherapy be approved by regulators as a first-line treatment of certain types of non-small cell lung cancer.

- MediciNova ( MNOV ) was narrowly lower Monday afternoon, swinging in a relatively tight range either side of its break-even mark after saying the clinical trial of its MN-166 drug candidate is now fully enrolled with 35 subjects. The study will use a biomarker to measure the ability of the prospective treatment for amyotrophic lateral sclerosis to reduce brain microglial activation.

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: SOHU , MRK , MNOV



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