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Health Care Sector Update for 11/19/2019: MDCO, CANF, VKTX, JNJ, PFE, ABT, MRK, AMGN

Top Health Care Stocks:

JNJ: +0.13%

PFE: +0.21%

ABT: Flat

MRK: +0.34%

AMGN: +0.15%

Most leading health care stocks were rallying in pre-market trading Tuesday.

Moving stocks include:

(+) The Medicines Company (MDCO), which was surging by more than 28% after Bloomberg News reported that Swiss pharmaceutical giant Novartis (NVS) has expressed interest in acquiring the cardiovascular drug maker.

(+) Can-Fite Biopharma Ltd (CANF) was climbing nearly 9% after saying that authorities in Canada, South Korea and Israel have granted patents for its investigational drug CF602 for the treatment of sexual dysfunction in patients with diabetes mellitus.

(+) Viking Therapeutics (VKTX) was more than 4% higher after it initiated a phase 2b clinical trial of VK2809 in patients with biopsy-confirmed non-alcoholic steatohepatitis (NASH), or fatty liver disease.

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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