Markets

Health Care Sector Update for 08/06/2018: NVCN,TROV

Top Health Care Stocks

JNJ +0.17%

PFE +0.99%

ABT +0.18%

MRK +0.47%

AMGN +0.02%

Health care stocks were narrowly higher Monday, including a slightly more than 0.2% gain for the NYSE Health Care Index in recent trading. Also, shares of health care companies in the S&P 500 were up just over 2% as a group while the Nasdaq Biotechnology index was climbing just 0.1%.

Among health care stocks moving on news:

+ Neovasc ( NVCN ) soared 17% after the company said Monday results from a study undertaken to assess the safety and effectiveness of the Neovasc Reducer showed that the treatment was "very safe and significantly reduced the severity of angina."

In other sector news:

- TrovaGene ( TROV ) was trading higher Monday despite the biotech company reporting a wider-than-expected Q2 loss, posting an adjusted net loss of $0.44 per share, improving on last year's $3.12 net loss but still missing the Street view expecting a $0.33 per share net loss. Revenue grew year-over-year to $112,000 from $102,000, matching the Street view.

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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