Health Care Sector Update for 01/10/2019: PRPO,CGIX, PHG, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: -0.49%

PFE: -0.37%

ABT: Flat

MRK: +0.76%

AMGN: Flat

Most health care stocks were trading lower pre-bell Thursday.

Stocks moving on news include:

(+) Precipio ( PRPO ), which was surging by more than 54% as the cancer diagnostics company said it has been approved as a vendor for the United States Department of Defense.

(-) Cancer Genetics ( CGIX ) was sinking by more than 34% after it priced an underwritten public offering of 13.3 million shares of common stock at a price of $0.225 per share, or a 35% discount from the stock’s previous close, for aggregate gross proceeds of $3 million.

In other sector news:

(-) Philips ( PHG ) was down about 1% after announcing that it has realigned its three reporting segments to better reflect customer needs. As of Jan. 1, the company’s three business segments were Diagnosis & Treatment, Connected Care and Personal Health.

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