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Health Care Sector Update for 05/03/2016: NERV, CUR

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Top Health-care stocks:

JNJ: -0.5%

PFE: +2.4%

ABT: -0.2%

MRK: -0.5%

AMGN: flat

Health-care shares were mainly lower in pre-market trade on Tuesday.

In health-care stocks news, Minerva Neurosciences ( NERV ), a clinical-stage biopharmaceutical company, reported Tuesday that for Q1, its loss per share narrowed from the prior-year period, and beat analysts' estimates.

Shares in the company were unchanged at $6.32 pre-bell. The stock has traded between $4.27 and $6.50 over the past 52 weeks.

And Neuralstem ( CUR ), a developer of central nervous system therapies based on its neural stem cell technology, Tuesday reported it priced an offering of 20 million share at $0.40, and also 20 million warrants at $0.40 per share, for a gross capital raise of $8 million.

Shares in the company were 39.8% lower at $0.36 pre-bell. The stock has traded between $0.52 and $2.37 over the past 52 weeks.

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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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