Health Care Sector Update for 08/26/2019: MDCO, BPTH, CELG, JNJ, PFE, ABT, MRK, AMGN
Top Health Care Stocks:
Leading health care stocks were mixed pre-market Monday.
Stocks moving on news include:
(+) The Medicines Company (MDCO), which was gaining more than 12% in value after the firm reported "positive" topline results from a phase 3 trial evaluating the efficacy, safety and tolerability of inclisiran to decrease LDL-cholesterol (LDL-C) through twice-yearly dosing.
(+) Bio-Path Holdings (BPTH) was up more than 4% after saying it has begun dosing patients in its amended phase 2 trial of prexigebersen to treat acute myeloid leukemia (AML).
(+) Celgene (CELG) was rallying by almost 4% after announcing that it has agreed to sell worldwide rights to its psoriasis treatment Otezla to Amgen (AMGN) for $13.4 billion in cash. Amgen was recently declining more than 1%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.