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Health Care Sector Update for 06/22/2017: JNJ, PFE, ABT, MRK, AMGN, KMDA, NVS, OTIC

Top Health Care stocks:

JNJ: +0.2%

PFE: +0.6%

ABT: +0.4%

MRK: +0.03%

AMGN: +0.4%

Health care shares were higher in pre-market trade Thursday.

In health care stocks news, Kamada ( KMDA ) was down 26% after it said it has withdrawn its marketing authorization application ( MAA ) with the European Medicines Agency (EMA) for its Alpha-1 Antitrypsin therapy to treat Alpha-1 Antitrypsin Deficiency. The company said following extensive discussions with the EMA, it concluded the EMA does not view the data submitted as sufficient for approval of the MAA, and that the supplementary data needed for approval requires an additional clinical trial.

In other sector news,

(+) NVS (+2.4%) Says phase 3 cardiovascular study of ACZ885 meets primary endpoint

OTIC (flat) Completes end-of-phase 2 review with FDA for otiprio, to conduct phase 3 trial

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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