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Health Care Sector Update for 07/06/2017: JNJ, PFE, ABT, MRK, AMGN, EGLT, TNXP, NVS

Top Health Care stocks:

JNJ: +0.3%

PFE: -0.4%

ABT: -0.7%

MRK: +1%

AMGN: -0.6%

Health care shares were mostly lower in pre-market trade Thursday.

In health care stocks news, Egalet ( EGLT ) fell 28.4% after the company said late Wednesday it is planning to raise funds to market its drugs including morphine sulfate and nasal spray, through the sale of shares and warrants. The drugmaker said the offering is subject to market conditions, with underwriters granted to sell up to 15% additional shares and warrants of securities sold in the offering.

In other sector news,

(+) TNXP (+2.1%) Receives conditional OK of Tonmya as brand name for PTSD treatment

(-) NVS (-2.1%) Gets approval in Europe for label update for psoriasis treatment Cosentyx

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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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