Health Care Sector Update for 01/11/2019: TLRY, ADXS, APHA, JNJ, PFE, ABT, MRK, AMGN
Top Health Care Stocks:
Health care stocks were narrowly mixed pre-market Friday.
Stocks moving on news include:
(+) Tilray ( TLRY ), which was surging by more than 16% after saying that Privateer, a private-equity investor in the legal cannabis industry, has “strongly” emphasized that it does not have plans to register, sell or distribute the 75 million shares that Privateer owns in Tilray when a “lock-up” expires next week. Privateer is the controlling shareholder in Tilray.
(-) Advaxis ( ADXS ) was down more than 8% as it narrowed its net loss for fiscal year 2018 to $66.5 million, or a $1.29 loss per share, from the net loss of $93.4 million, or a $2.31 loss per share, in fiscal year 2017, but fell short of consensus estimates of a $1.01 loss per share, if comparable.
In other sector news:
(+) Aphria ( APHA ) was up nearly 4% after i t report ed fiscal Q2 earnings of $0.22 per share, up from $0.05 in the same period a year ago. Analysts polled by CapIQ expected a loss of $0.04 per share.
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