US Markets

Health Care Sector Update for 04/12/2019: TCON, XFOR, CGC, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks:

JNJ: Flat

PFE: +0.26%

ABT: Flat

MRK: +0.45%

AMGN: Flat

Health care giants were flat to higher pre-market Friday.

Stocks moving on news include:

(-) TRACON Pharmaceuticals (TCON), which was plunging more than 51% after terminating its phase 3 TAPPAS trial evaluating TRC105 in combination with Votrient (pazopanib) in patients with advanced or metastatic angiosarcoma due to futility, based on Independent Data Monitoring Committee recommendations.

(-) X4 Pharmaceuticals (XFOR) was declining by more than 27% after it commenced an underwritten public offering of its shares and Class A warrants to purchase the shares through Cowen, Stifel and Canaccord Genuity.

(+) S&P Dow Jones Indices said Canopy Growth (CGC) will replace Goldcorp in the S&P/TSX 60 Index effective prior to the open of trading on April 18. Canopy Growth was up more than 3% after the news.

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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