Markets

Health Care Sector Update for 05/10/2016: KMPH, GALT

Top Health-care stocks:

JNJ: flat

PFE: +0.2%

ABT: flat

MRK: flat

AMGN: +0.8%

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

In health-care stocks news, KemPharm ( KMPH ), a specialty drugmaker, said its investigational hydromorphone prodrug KP511 was granted Fast Track designation by the Food and Drug Administration.

Shares in the company were 8.3% higher at $8.18 pre-bell. The stock has traded between $6.88 and $26.15 over the past 52 weeks.

And Galectin Therapeutics ( GALT ) posted a Q1 net loss of $7 million, or $0.24 per share, compared with a net loss of $5.1 million, or $0.22 per share, for the same period last year.

Shares in the company were unchanged at $1.26 pre-bell. The stock has traded between $1.08 and $4.11 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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