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Health Care Sector Update for 06/14/2017: BKD,SEAS,MBVX,ALDX

Top Health Care Stocks

JNJ +0.92%

PFE +0.37%

ABT +0.62%

MRK +0.47%

AMGN +0.55%

Health care stocks were maintaining moderate gains Wednesday, with the NYSE Health Care Index adding about 0.5% while shares of health care companies in the S&P 500 were up over 0.7% as a group.

In company news, Brookdale Senior Living ( BKD ) was surging Wednesday, rising over 11% to top out today at $15.66 a share following reports that Zhonghong Zhuoye Group was nearing a deal to acquire the senior-living communities company.

A deal could eventually fetch more than $4 billion and may be announced as soon as later this week, a person involved in the talks told the Financial Times. Reuters on Tuesday said the Chinese real estate and leisure group - which last month bought a significant equity stake in SeaWorld Entertainment ( SEAS ) - already has offered around $3 billion for Brookdale.

In other sector news,

(+) MBVX, (+4.3%) Reports positive results from phase I testing of its MVT-2163 imagining solution, saying it was well tolerated across all cohorts of patients with pancreatic tumors and other CA19-9 positive malignancies, either alone or in combination of MVT-5873.

(-) ALDX, (-8.8%) ADX-102 drug candidate shows a statistically significant drop in ocular itching score compared with patients in the control group during phase IIb testing.

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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