Health Care Sector Update for 04/17/2019: MASI,TXMD,ONCS

Top Health Care Stocks

JNJ +0.81%

PFE -3.60%

ABT -4.58%

MRK -3.95%

AMGN -2.95%

Health care stocks were declining, including a 2.5% decline for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 also were down 3% as a group while the Nasdaq Biotechnology index was falling over 4%.

Among health care stocks moving on news:

(-) Masimo Corp (MASI) declined over 6%. Berenberg began coverage of the monitoring technology company with a buy rating and a $160 price target.

In other sector news:

(-) TherapeuticsMD (TXMD) was 2% lower after signing a binding commitment letter with TPG Sixth Street Partners for a $300 million secured term loan financing facility available in three tranches.

(-) OncoSec Medical (ONCS) was drifting lower this afternoon, giving back a 25% gain soon after the opening bell. The biotech company Wednesday announced a collaborative research agreement with the Duke University School of Medicine to evaluate the use of its Tavoplus drug candidate in combination or sequence with a HER2-plasmid vaccine using the company's intra-tumoral delivery system.

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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