Markets

Health Care Sector Update for 04/21/2016: NVS, BIIB

Top Health-care stocks:

JNJ: flat

PFE: flat

ABT: flat

MRK: flat

AMGN: flat

Health-care shares were mainly unchanged in pre-market trade on Thursday.

In health-care stocks news, ADRs of Novartis ( NVS ) were slightly lower pre-market Thursday after the Swiss drugmaker reported mixed Q1 results, with better-than-expected core earnings on lower revenues that missed forecasts, and reaffirmed its full-year revenue outlook just above forecasts.

ADRs were 0.4% lower at $76.30 pre-bell. The stock has traded between $69.90 and $106.84 over the past 52 weeks.

And Biogen ( BIIB ) reported earnings that topped expectations even as its revenue fell short.

Shares were 1.1% higher at $268.87 pre-bell. The stock has traded between $242.07 and $431.84 over the past 52 weeks.

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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