Health Care Sector Update for 03/18/2019: EW,ENTA,BSX

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Top Health Care Stocks

JNJ -0.28%

PFE 0.00%

ABT -1.65%

MRK -0.44%

AMGN +0.07%

Health care stocks were drifting lower, including a more than 0.3% decline for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 also were down nearly 0.5% as a group while the Nasdaq Biotechnology index was falling almost 0.7%.

Among health care stocks moving on news:

(+) Edwards Lifesciences Corp ( EW ) climbed 6.5% after saying its Sapien 3 transcatheter aortic valve demonstrated its superiority over open-heart surgery, with a 46% reduction in mortality, strokes or rehospitalization after one year in patients with severe symptomatic aortic stenosis. The trial results were presented Sunday at the American College of Cardiology annual scientific session in New Orleans and were also published in New England Journal of Medicine.

In other sector news:

(+) Enanta Pharmaceuticals ( ENTA ) rose over 1% after completing enrollment in a pair of mid-stage clinical trials. The company is expecting topline data from phase II testing of its EDP-938 drug candidate in patients with the respiratory syncytial virus around mid-year. The other study is evaluating Enanta’s EDP-305 as a prospective treatment for non-alcoholic steatohepatitis, with top-line data expected by the end of September.

(-) Boston Scientific ( BSX ) was down about 6% in recent trade. The company Sunday reported positive safety and efficacy results for its Luminize radio-frequency balloon catheter in patients with atrial fibrillation at the European Heart Rhythm Association annual meeting in Lisbon, Portugal. Data showed Luminize initially isolated 88.9% of pulmonary veins, rising to 99.4% of the veins when its enhanced steering capabilities and electrodes were activated.

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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