US Markets

Health Care Sector Update for 06/17/2019: ARRY, VBIV, QURE, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks:

JNJ: +0.23%

PFE: -0.23%

ABT: Flat

MRK: +0.27%

AMGN: Flat

Health care giants were mixed pre-bell Monday.

Stocks moving on news include:

(+) Array BioPharma (ARRY), which was surging by more than 59% as Pfizer (PFE) agreed to acquire the company for $48 a share, a premium to Friday's closing price of $29.42. The cash offer represents a total enterprise value of about $11.4 billion.

(-) VBI Vaccines (VBIV) was plunging by over 53% after it reported that a trial of its hepatitis B vaccine candidate Sci-B-Vac met both of its co-primary endpoints. However, the trial failed to meet the secondary endpoint of non-inferiority of two doses of Sci-B-Vac compared with three doses of Engerix-B in subject 18-year-old and older.

(+) Biotech firm UniQure (QURE) is working with advisers as it considers strategic options, including a potential sale or even partnerships, Bloomberg News reported, citing sources. UniQure was gaining more than 8% in pre-market 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.

In This Story

ARRY VBIV QURE JNJ PFE

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More