Health Care Sector Update for 03/21/2019: BIIB, OGEN, NVCN, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: -0.47%

PFE: -0.33%

ABT: -0.49%

MRK: -0.39%

AMGN: Flat

Top health care stocks were retreating pre-market Thursday.

Early movers include:

(-) Biogen ( BIIB ), which was down more than 27% after the company and Eisai said they were ending two phase 3 trials of the Alzheimer’s treatment aducanumab as an independent study said the drug was unlikely to meet its primary endpoint.

(-) Oragenics ( OGEN ) was dropping more than 30% in value after it priced its previously announced underwritten public offering of 16.7 million shares of common stock, short-term warrants to purchase 8.3 million shares of common stock, and long-term warrants to purchase 8.3 million shares of common stock, at $0.75 per share and accompanying warrants for gross proceeds of $12.5 million.

(+) Neovasc ( NVCN ) was more than 18% higher after the company said a court in Germany dismissed a case against the company filed by Edwards Lifesciences CardiAQ LLC.

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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