Health Care Sector Update for 02/08/2019: APOP, SGEN, MBOT, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: -0.08%

PFE: -0.38%

ABT: Flat

MRK: -0.01%

AMGN: -0.05%

Health care stocks were mostly declining in pre-market trading Friday.

Early movers include:

(-) Cellect Biotechnology ( APOP ), which was sinking by more than 47% after the company priced an underwritten public offering of 1.889 million units at $1.50 each and 2.445 million pre-funded units at $1.49 apiece for total proceeds of about $6.5 million.

(-) Microbot Medical ( MBOT ) was down over 12% as it filed a preliminary prospectus for a public offering of up to 996,016 common shares and up to the same number of pre-funded warrants to purchase common shares.

(-) Seattle Genetics Inc. ( SGEN ) was more than 9% lower as it said adjusted loss per share in the fourth quarter sank to $0.75 from a loss of $0.41 in the year-ago quarter, missing analysts’ estimates for a loss of ($0.43) compiled by Capital IQ.

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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