Health Care Sector Update for 01/07/2019: LOXO, LLY, MYND, AXSM, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: +0.37%

PFE: -0.21%

ABT: +0.57

MRK: -0.33%

AMGN: Flat

Health care stocks were mixed in Monday’s pre-market trading .

Moving stocks include:

(+) Loxo Oncology ( LOXO ), which was surging by more than 65% after Eli Lilly ( LLY ) said it agreed to acquire the company for approximately $8 billion in cash to widen the breadth of its cancer treatments portfolio. Eli Lilly was down more than 2%.

(+) MYnd Analytics ( MYND ) was gaining more than 90% in value after saying it will merge with Emmaus Life Sciences Inc. in a stock-swap deal. Emmaus will become a wholly owned subsidiary of MYnd Analytics.

(+) Axsome Therapeutics ( AXSM ) was jumping by more than 190% as it reported that the second phase of a clinical trial of its AXS-05 oral treatment for major depressive disorder met its primary endpoint.

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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