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Health Care Sector Update for 01/08/2018: JNJ, PFE, ABT, MRK, AMGN, CELB, WMGI, MZOR, ABLX, FMI, LMNX, MDRX, UCB.BR

Top Health-care stocks:

JNJ: flat

PFE: -0.4%

ABT: flat

MRK: +0.5%

AMGN: flat

Health care shares were mixed ahead of the bell on Monday.

Expected movers:

- Merck ( MRK ): Keytruda meets primary endpoint in surgically resected high-risk melanoma trial

- Celgene ( CELG ): set to acquire Impact Biomedicines with upfront cash payment of $1.1 billion

- Wright Medical Group ( WMGI ): sees Q4 net sales at $217.6 million; full-year sales at $745 million; above consensus

- Mazor Robotics ( MZOR ) gets orders for 27 systems in Q4, sees 35.7% increase in Q4 revenue

- Ablynx ( ABLX ): gets $3.1 billion offer from Novo Nordisk (NVO)

- Foundation Medicine (FMI): preliminary Q4 and full-year revenue top street estimates

Other news:

- Luminex (LMNX): sees Q4 revenue in line with Street

- Allscripts (MDRX): to acquire Practice Fusion business

News from overseas:

- UCB SA (UCB.BR): gets EMA acceptance of marketing application for osteoporosis drug

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.


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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