Health Care Sector Update for 04/17/2019: ONCS, TXMD, ABT, JNJ, PFE, MRK, AMGN

Top Health Care Stocks:

JNJ: +0.41%

PFE: +0.34%

ABT: +0.16%

MRK: Flat

AMGN: -0.03%

Top health care stocks were mixed pre-market Wednesday.

Stocks moving on news include:

(+) OncoSec Medical (ONCS), which was climbing nearly 20% after announcing a collaborative research agreement with Duke University School of Medicine to evaluate the use of OncoSec's TAVOPLUS (enhanced IL-12 DNA-plasmid) in combination or sequence with a HER2-plasmid vaccine administered with OncoSec's novel intratumoral delivery system.

(+) TherapeuticsMD (TXMD) was more than 5% higher as it signed a binding commitment letter with TPG Sixth Street Partners for a $300 million non-dilutive secured term loan financing facility, to be available in three tranches.

In other sector news:

(+) Abbott Laboratories (ABT) was up slightly after saying its Q1 adjusted diluted EPS rose to $0.63 from $0.59 a year ago, narrowly beating the $0.62 average estimate from analysts polled by Capital IQ.

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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