Markets
FMS

Health Care Sector Update for 02/24/2016: FMS, GALT

A generic image of a stock chart.
Credit: Shutterstock photo

Top Health-care stocks:

JNJ: -0.9%

PFE: -0.8%

ABT: flat

MRK: flat

AMGN: flat

Health-care shares were mainly unchanged in pre-market trade on Wednesday.

In health-care stocks news, ADRs of Fresenius Medical Care ( FMS ) were sliding pre-market Wednesday after the company reported lower-than-expected Q4 earnings and revenues, while guiding for an year-on-year improvement in FY16 results.

Shares in the company were 3.3% lower at $41.01 pre-bell. The company has traded between $36.89 and $45.85 over the past 52 weeks.

And Galectin Therapeutics ( GALT ) said it received a notice of allowance from the U.S. Patent and Trademark office for a patent extending coverage of the company's lead compound to treat patients at risk of pulmonary fibrosis.

Shares in the company were 2.6% higher at $1.18 pre-bell. The company has traded between $1.08 and $4.11 over the past 52 weeks.

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.

In This Story

FMS GALT

Other Topics

US Markets