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Health Care Sector Update for 03/12/2019: ZFGN, AKBA, HEXO, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks:

JNJ: -0.20%

PFE: +0.19%

ABT: Flat

MRK: Flat

AMGN: Flat

Leading health care stocks were mixed in Tuesday's pre-market trading .

Stocks moving on news include:

(-) Zafgen ( ZFGN ), which was slumping by more than 25% after saying its Q4 net loss was $14.6 million, or a $0.39 loss per share, compared with the net loss of $13.1 million, or a $0.48 loss per share, beating consensus estimates of a $0.44 loss per share.

(+) Akebia Therapeutics ( AKBA ) was gaining more than 23% in value after reporting that two phase 3 studies evaluating vadadustat, an investigational oral hypoxia-inducible factor prolyl hydroxylase inhibitor, in Japanese patients with anemia due to chronic kidney disease (CKD) have met their primary endpoints, which were related to mean hemoglobin levels.

(+) HEXO ( HEXO ) was up more than 2% after saying it has become the first cannabis producer to join the Food & Consumer Products of Canada (FCPC), an industry association that helps its members deliver safe and affordable products.

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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