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Health Care Sector Update for 09/09/2019: ACAD, AXNX, AMGN, JNJ, PFE, ABT, MRK

Top Health Care Stocks:

JNJ: -0.17%

PFE: +0.14%

ABT: Flat

MRK: +0.02%

AMGN: -2.75%

Top health care stocks were mixed in Monday's pre-bell trading.

Stocks moving on news include:

(+) ACADIA Pharmaceuticals (ACAD), which was jumping more than 77% after the company said its phase 3 study of pimavanserin for the treatment of dementia-related psychosis met its primary endpoint and would be stopped earlier than expected.

(+) Axonics Modulation Technologies (AXNX) was more than 3% higher as it said the Food & Drug Administration has approved its r-SNM system, an implantable, rechargeable sacral neuromodulation device for the treatment of urinary and bowel dysfunction.

(-) Amgen (AMGN) was declining by more than 2% as new data from its ongoing phase 1 trial of AMG-510 in patients with previously treated KRAS G12C-mutated solid tumors continued to show anti-tumor activity with no dose-limiting toxicities.

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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