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Health Care Sector Update for 09/16/2019: ALDR, AIMT, KPTI, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks:

JNJ: -0.21%

PFE: -0.41%

ABT: Flat

MRK: +0.06%

AMGN: Flat

Health care giants were mixed in Monday's pre-market trading.

Stocks moving on news include:

(+) Alder BioPharmaceuticals (ALDR), which was surging more than 83% after the clinical-stage biopharmaceutical firm said it had agreed to be acquired by the Danish drug maker Lundbeck for as much as DKK13 billion ($1.95 billion).

(+) Aimmune Therapeutics (AIMT) was advancing by more than 5% after saying a special committee convened by the US Food and Drug Administration has voted to support the use of Palforzia in children and teens with peanut allergy.

(+) Karyopharm Therapeutics (KPTI) was 4% higher as it signed a royalty agreement with investment firm HealthCare Royalty Partners for up to $150 million to support the development and commercialization of Xpovio (selinexor), to treat patients with heavily pretreated multiple myeloma.

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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