KPRX

Health Care Sector Update for 12/18/2017: EYEG,VRX,VRX.TO,PTIE,NVIV

Top Health Care Stocks

JNJ -0.45%

PFE -0.30%

ABT +1.57%

MRK -0.05%

AMGN -0.55%

Health care stocks lagging most other sectors today, with the NYSE Health Care Index climbing just over 0.2% in recent trade. Also today, shares of health care companies in the S&P 500 were up 0.3% as a group while the Nasdaq Biotechnology index ( NBI ) was adding less than 0.1% in value today.

Among health care stocks moving on news today:

Eyegate Pharmaceuticals ( EYEG ) fell Monday despite the specialty drugmaker Monday saying it has reached 75% enrollment in its late-stage trial of its EGP-437 product candidate to treat non-infectious anterior uveitis, triggering a milestone payment from partner company Valeant Pharmaceuticals International (VRX,VRX.TO). The company did not specify the size of the milestone payment.

In other sector news:

+ Pain Therapeutics ( PTIE ) advanced Monday after today saying it expects to soon file a new drug application for its Remoxy drug candidate to treat severe chronic pain following a recent meeting with the U.S. Food and Drug Administration.

+ InVivo Therapeutics Holdings ( NVIV ) climbed as much as 7% on Monday after selecting chief medical officer Richard Toselli to be its acting CEO, replacing Mark Perrin, who resigned. Also, taps lead director Ann Merrifield to be board chair.

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.

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