Health Care Sector Update for 01/31/2019: SCYX, PULM, BAX, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: -0.33%

PFE: +0.12%

ABT: +0.01%

MRK: +0.55%

AMGN: Flat

Most health care stocks were inching higher pre-bell Thursday.

Stocks moving on news include:

(+) SCYNEXIS ( SCYX ), which was surging more than 91% after the company said results were positive from the first interim efficacy analysis of the ongoing FURI study.

(-) Pulmatrix ( PULM ) was down more than 7% as it priced an underwritten public offering of more than 5.3 million shares of common stock at $0.17 per share, or a 4.8% discount from the stock’s previous close, for total expected gross proceeds of $0.9 million.

In other sector news:

(+) Baxter International ( BAX ) was slightly higher amid a 22% surge in its Q4 adjusted earnings to $0.78 per diluted share, coming in above the $0.73 average estimate from analysts polled by Capital IQ. It’s Q1 EPS guidance was below analysts’ projection.

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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