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Health Care Sector Update for 10/19/2018: MACK, AVXL, CLVS, JNJ, PFE, ABT, MRK, AMGN


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Top Health Care Stocks:

JNJ: -0.16%

PFE: +1.43%

ABT: -0.98%

MRK: Flat

AMGN: -0.11%

Most health care stocks saw declines in recent trading, with a drop of 0.25% for the NYSE Health Care Index. Also, shares of health care companies in the S&P 500 were down by 0.65% as a group while the Nasdaq Biotechnology index was lower by almost 1%.

Moving stocks include:

(-) Merrimack Pharmaceuticals ( MACK ), which was down 30% after the company decided to discontinue the SHERLOC study, a randomized, open-label phase 2 clinical trial evaluating MM-121 in combination with docetaxel in patients with heregulin positive non-small cell lung cancer.

In other sector news:

(+) Anavex Life Sciences ( AVXL ) narrowed its gains to over 6% after an earlier gain of almost 26% as the company received confirmation from the US Food and Drug Administration that its investigational new drug application is now open for ANAVEX 2-73 to treat Rett syndrome, a rare neurodevelopmental disease.

(-) Clovis Oncology ( CLVS ) was lower by more than 7% after being up earlier amid encouraging data from its ongoing phase 2 trial of Rubraca that show a 44% confirmed objective response rate.

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: MACK , AVXL , CLVS , JNJ , PFE



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