Markets

Health Care Sector Update for 01/05/2018: JNJ, PFE, ABT, MRK, AMGN, OHRP, ZFGN, TIG, CMRZ, RTIX, TYO:4502

Top Health-care stocks:

JNJ: flat

PFE: +0.0%

ABT: flat

MRK: flat

AMGN: flat

Health-care shares were little changed ahead of the bell on Friday.

Expected movers:

- Ohr ( OHRP ): fails to meet main objective in MAKO study of combination therapy for wet macular degeneration

- Zafgen ( ZFGN ): completes enrollment for clinical trial of type 2 diabetes drug; returns to rare metabolic disease space with PWS treatment

- TiGenix ( TIG ): gets $626.5 million takeover bid from Japan's Takeda

Other news:

- Chimerix ( CMRX ): begins study aimed at showing superior antiviral effect of brincidofovir in child transplant patients

- RTI Surgical ( RTIX ): guides 2018 revenue between $280 million and $290 million

News from overseas:

- Takeda Pharmaceutical Company (TYO: 4502): enters a strategic option and collaboration agreement with Denali Therapeutics for neurogenerative disease therapies, including Alzheimer's

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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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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