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Health Care Sector Update for 03/07/2018: MED, BTX, SLS

Top Health Care Stocks

JNJ, +0.2%

PFE, -0.3%

MRK, -0.1%

ABT, +0.5%

AMGN, -1.7%

Health care stocks mostly edged higher in late trade, including a more than 0.1% increase for the NYSE Health Care Index. Also, shares of health care companies in the S&P 500 were up 0.4% as a group while the Nasdaq Biotechnology index was rising more than 0.1% today.

Among health care stocks moving on news:

Medifast ( MED ) rose more than 30% after it reported late Tuesday Q4 results that topped analysts' estimates and issued guidance for Q1 and fiscal year 2018 above Street forecasts

In other sector news,

(+) BioTime ( BTX ) rose 1.5% after it said the independent Data Safety Monitoring Board (DSMB) has approved the initiation of the fourth cohort for the ongoing OpRegen clinical trial.

(-) Sellas Life Sciences ( SLS ) fell 16% after it said it entered into a definitive securities purchase agreement to issue shares of its convertible preferred stock and warrants to purchase shares of its common stock in a private placement transaction to a select group of institutional investors.

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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