Health Care Sector Update for 10/23/2018: PTI, TTPH, BIIB, JNJ, PFE, ABT, MRK, AMGN

Shutterstock photo

Top Health Care Stocks:

JNJ: -0.80%

PFE: -1.17%

ABT: Flat

MRK: -1.09%

AMGN: -1.38%

Health care stocks were tumbling in Tuesday's pre-market trading .

Early movers include:

(-) Proteostasis Therapeutics ( PTI ), which was more than 5% lower after it disclosed plans for a public offering of 9 million shares of its common stock.

(+) Tetraphase ( TTPH ) was rising by 4% after reporting data from its phase 3 study supporting the efficacy of Xerava in treating complicated intra-abdominal infection in patients suffering from obesity and renal problems.

In other sector news:

(=) Biogen ( BIIB ) was unchanged after it released Q3 results, with non-GAAP earnings per diluted share rising by 17% year-on-year to $7.40, beating the $6.76 mean from analysts polled by Capital IQ.

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: PTI , TTPH , BIIB , JNJ , PFE

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?