Health Care Sector Update for 08/12/2019: MLND,ORGS,BLUE

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Top Health Care Stocks

JNJ +0.17%

PFE -3.31%

ABT -1.77%

MRK -0.48%

AMGN +4.79%

Health care stocks were dropping, including a nearly 0.8% decline for the NYSE Health Care Index while the shares of health care companies in the S&P 500 also were down almost 0.8% as a group. The Nasdaq Biotechnology index was falling just over 0.7%.

Among health care stocks moving on news:

(+) Millendo Therapeutics ( MLND ) was almost 1% higher after the specialty drugmaker Monday reported a Q2 net loss of $0.74 per share beating the Capital IQ consensus expecting an $0.86 per share net loss for the three months ended June 30. Millendo had no revenue during the quarter, as expected.

In other sector news:

(-) Orgenesis ( ORGS ) turned more than 3% lower this afternoon, giving back a 3% advance earlier Monday after the biotechnology company reported a 95% increase in Q2 revenue over year-ago levels to $7.8 million.

(-) bluebird bio ( BLUE ) fell 4% after William Blair lowered its rating on the genetic therapies company to market perform from outperform previously.

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: MLND , ORGS , BLUE

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