Markets

Health Care Sector Update for 07/21/2015: NVS, CYTR

Health care stocks:

JNJ: +0.64%

PFE: flat

ABT: flat

MRK: flat

AMGN: +0.28%

Health-care shares were generally flat in pre-market trade.

CytRx Corp ( CYTR ) was down nearly 25% after it said late Monday it planned an underwritten public offering of its common stock, without disclosing the number of shares it expects to sell or other terms of the offering.

CytRx said it expects to use the net proceeds to fund clinical trials of its aldoxorubicin drug candidate as well as for other drug-discovery activities.

And, Novartis AG ( NVS ) said Q2 core EPS were $1.27, missing the mean Bloomberg estimate for $1.32. Q2 net sales were $12.7 billion, just below the Reuters consensus for $12.8 billion.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CYTR NVS

Other Topics

Commodities

Latest Markets Videos