Markets

Health Care Sector Update for 04/03/2019: SWAV,EVGN,ADXS

Top Health Care Stocks

JNJ -0.05%

PFE -0.13%

ABT -0.11%

MRK +0.21%

AMGN -0.04%

Health care stocks were lower, including a 0.2% loss for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 also were down 0.3% as a group while the Nasdaq Biotechnology index was down 0.2%.

Among health care stocks moving on news:

(-) Shockwave ( SWAV ) was down 6% after Wednesday saying it has completed enrollment for a post-market study of its coronary intravascular lithotripsy instrument, which is designed to fracture calcium deposits in the bloodstream to assist with placing stents in a patient's blood vessels. The primary safety endpoint will be freedom from in-hospital major adverse cardiac events, Shockwave said. Patients also be will followed out to 30 days under the European study protocol.

In other sector news:

(+) Evogene ( EVGN ) was 28% higher after Wednesday saying it has formed a new subsidiary, Canonic Ltd., which will focus on the development of next-generation medical cannabis products.

(-) Advaxis ( ADXS ) slid 29.5% after the biotechnology company priced a $10 million public offering of 2.5 million shares of its common stock at $4 apiece, or a 32.2% discount to its closing price Tuesday. Net proceeds will fund research and development and general corporate activities, the company said

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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