US Markets

Health Care Sector Update for 09/10/2019: CANF, MNK, MESO, JNJ, PFE, MRK, ABT, AMGN

Top Health Care Stocks:

JNJ: -1.06%

PFE: -1.00%

ABT: -0.26%

MRK: -1.52%

AMGN: Flat

Top health care stocks were retreating pre-bell Tuesday.

Early movers include:

(+) Can-Fite Biopharma (CANF), which was surging by more than 21% after announcing that it is joining forces with Univo Pharmaceuticals to co-develop medical cannabis-based treatments and cannabinoid screening assays.

(+) Mallinckrodt (MNK) was gaining more than 10% in value after the pharmaceutical developer said it has agreed to sell its BioVectra subsidiary to an affiliate of private equity firm H.I.G. Capital for approximately $250 million.

(+) Mesoblast (MESO) was up almost 10% after unveiling a strategic partnership with pain management company Grunenthal to develop and commercialize MPC-06-ID, a cell therapy candidate for the treatment of lower back pain.

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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