Markets

Health Care Sector Update for 02/12/2019: KMDA, GILD, MDGS, JNJ, PFE, MRK, ABT, AMGN

Top Health Care Stocks:

JNJ: +0.30%

PFE: +0.46%

ABT: +0.29%

MRK: +0.60%

AMGN: Flat

Most health care stocks were rallying pre-market Tuesday.

Early movers include:

(+) Kamada ( KMDA ), which was almost 7% higher as the plasma-derived protein drug developer posted Q4 earnings of $0.44 per share, up from $0.16 in the same period a year ago and exceeding the estimate of $0.18 from analysts.

(-) Gilead Sciences ( GILD ) was down more than 3% after the biopharmaceuticals company said its selonsertib drug candidate to treat liver disease failed to meet the primary goal of a statistically significant improvement in fibrosis compared with a placebo during Phase III testing in patients with cirrhosis due to nonalcoholic steatohepatitis.

(+) Medigus ( MDGS ) was advancing by more than 2% after announcing a US patent for its ScoutCam Micro-Visual Technology.

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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