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Health Care Sector Update for 02/08/2016: CI,NS

Top Health Care Stocks

JNJ +1.45%

PZE -1.62%

MRK +0.13%

ABT -1.11%

AMGN -1.41%

Health care stocks were lower on Monday, with the NYSE Health Care Index falling 1.8% while shares of health care companies in the S&P 500 declining 1.4% as a group.

In company news, Cigna ( CI ) slumped Monday after signing a pay-for-performance contract with Novartis ( NS ) for its heart-failure medication Entresto.

The new agreement ties its financial terms to how well the drug improves the relative health of Cigna's customers as measured by a reduction in the proportion of customers with heart failure hospitalizations.

CI shares were down over 6% at $124.96 each while NVS shares dipped almost 2% to finish at $73.18 a share.

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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