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Health Care Sector Update for 12/21/2017: MBRX,AEZS,ACST,ACST.V


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Top Health Care Stocks

JJNJ +0.04%

PFE -0.38%

ABT -0.11%

MRK +0.92%

AMGN +0.01%

Health care stocks were split between winners and loser today, including a slightly less than 0.2% gain for the NYSE Health Care Index. Also, shares of health care companies in the S&P 500 were down over 0.2% as a group while the Nasdaq Biotechnology index ( NBI ) was climbing over 0.2% today.

Among health care stocks moving on news today:

Moleculin Biotech ( MBRX ) rose Thursdqay, holding on to a portion of their 7% advance earlier today that followed Polish authorities approving Phase I/II testing of the company's Annamycin drug candidate in patients with relapsed or refractory acute myeloid leukemia. It expects the first patient to be enrolled in the trial during the first three months of 2018.

In other sector news:

+ AEterna Zentaris ( AEZS ) soared Thursday after federal regulators approved the company's new drug application for its Macrilen ghrelin agonist to assist with the diagnosis of patients with growth hormone deficiency. The company estimates about 60,000 people are tested yearly for AGHD in the United States, Canada and Europe.

- Acasti Pharma (ACST,ACST.V) dropped as much as 29% in Thursday U.S. trade after the Canadian biotech company today priced a $10 mln offering of 9.9 mln shares at $1.01 apiece, a 14.4% discount to Wednesday's closing price. It also issued five-year warrants to buy up to 8.91 mln shares at

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: NBI , MBRX , AEZS , ACST


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