Health Care Sector Update for 02/01/2019: TTNP, CTIC, OPK, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: +0.68%

PFE: +0.21%

ABT: Flat

MRK: +2.58%

AMGN: Flat

Health care stocks were flat to higher pre-market Friday.

Stocks moving on news include:

(+) Titan Pharmaceuticals ( TTNP ), which was surging 72% after saying it has successfully completed the transition of the Probuphine implant program from Braeburn Pharmaceuticals. The company reported a double-digit increase in total product shipments in the period following its assumption of responsibility for Probuphine sales in mid-June 2018.

(-) CTI BioPharma ( CTIC ) was declining more than 16% amid plans to withdraw its European Marketing Authorization Application for the drug pacritinib as a treatment for myelofibrosis, a type of bone malady.

(-) Opko Health ( OPK ) was down more than 4% as the pharmaceutical and diagnostics company suspended its phase II trial evaluating the drug OPK-88004 to treat benign prostatic hyperplasia.

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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