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Health Care Sector Update for 05/21/2019: BCRX, MNK, BIOC, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks:

JNJ: Flat

PFE: +0.38%

ABT: +0.30%

MRK: -0.20%

AMGN: +1.23%

Health care majors were mixed in Tuesday pre-market trading.

Early movers include:

(-) BioCryst Pharmaceuticals (BCRX), which was slumping by more than 48% even as data from its phase 3 APeX-2 trial of BCX7353 for the prevention of hereditary angioedema (HAE) showed the product candidate met its primary endpoint for both 110 mg and 150 mg dose levels.

(-) Mallinckrodt (MNK) was declining more than 32% after its Mallinckrodt ARD unit filed suit in federal district court against the Department of Health and Human Services (HHS) and Centers for Medicare & Medicaid Services (CMS) to reverse a decision resulting in lower Medicaid reimbursements for Acthar Gel.

(+) Biocept (BIOC) was more than 28% higher after the company launched its Target Selector NGS Lung Panel, a multi-gene liquid biopsy panel specifically developed for lung cancer.

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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