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Health Care Sector Update for 07/03/2017: JNJ, PFE, ABT, MRK, AMGN, OPXA, PTCT. KND

Top Health Care stocks:

JNJ: flat

PFE: +0.3%

ABT: flat

MRK: -0.1%

AMGN: flat

Health care shares were mostly quiet in pre-market trade Monday.

In health care stocks news, Opexa Therapeutics ( OPXA ) rose 10% after the company said in a regulatory filing Monday it entered into an agreement and plan of merger and reorganization with Acer Therapeutics Inc., with Acer becoming a wholly-owned subsidiary of Opexa and the surviving corporation of the merger. Under the merger agreement, each outstanding share of Acer common stock will be converted into the right to receive approximately one share of common stock of Opexa, which amount is subject to adjustment prior to closing of the merger upon the occurrence of specified events, including to account for any additional shares that Acer may issue before closing and for Opexa's net cash balance at closing. No fractional shares will be issued in connection with the merger and Opexa will pay cash in lieu of any such fractional shares.

In other sector news,

PTCT (flat) Reports favorable preliminary safety profile for spinal muscular atrophy drug in phase 2 trial

KND (flat) Divests nursing facility business

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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