Top Health Care Stocks
JNJ +0.31%
PFE +0.79%
ABT +0.57%
MRK +0.53%
AMGN +0.63%
Health care stocks were rising to finish a holiday-shortened week, including a 0.5% gain for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 also were up about 0.2% as a group. Meanwhile, the Nasdaq Biotechnology index was falling 0.2%.
Among health care stocks moving on news:
(-) Immunomedics ( IMMU ) has turned about 2% lower this afternoon, giving back a nearly 9% gain soon after Friday's opening bell that followed it disclosing a letter agreement with BSP Pharmaceuticals SpA to negotiate a definitive agreement for the Italian drugmaker to supply commercial quantities of Immunomedics' antibody-drug conjugate sacituzumab govitecan beginning in 2019 and continuing into 2020.
In other sector news:
(+) Aphria ( APHA ) was 13% higher Friday afternoon, staying within relatively close range of its 14% peak, after Green Growth Brands went public with a CND2.8 billion takeover bid for the marijuana company. Under terms of the proposed buyout, Green Growth would swap 1.5714 of its shares for each Aphria share, representing a 45.5% premium over Aphria's closing price on Dec. 24.
(+) HTG Molecular Diagnostics ( HTGM ) climbed 9.5% in recent Friday trading, reversing a 7% opening decline, after the company late Thursday unveiled plans to raise up to $150 million through the sale of its stock.
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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.
