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Health Care Sector Update for 08/26/2019: MDCO, BPTH, CELG, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks:

JNJ: -0.34%

PFE: +0.76%

ABT: Flat

MRK: +0.45%

AMGN: -1.24%

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.

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