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


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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.

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This article appears in: Investing , US Markets
Referenced Symbols: PTI , TTPH , BIIB , JNJ , PFE



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