Health Care Sector Update for 04/01/2019: ACST,ZIOP,MNKD,UTHR

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Top Health Care Stocks

JNJ -0.47%

PFE +0.75%

ABT -0.30%

MRK -0.07%

AMGN +1.11%

Health care stocks were little changed this afternoon, including a less than 0.1% decline for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 were up about 0.1% as a group although the Nasdaq Biotechnology index was climbing almost 0.7%.

Among health care stocks moving on news:

(-) Acasti Pharma ( ACST ) was slipping Monday afternoon, falling about 0.2%. The biopharmaceuticals company said fasting subjects treated with a single 4 gram dose of its CaPre drug candidate – a highly purified omega-3 phospholipid concentrate derived from krill oil – demonstrated greater bioavailability as measured by levels of EPA and DHA in their bloodstream compared with patients treated with Lovaza, another commonly used form of omega-3.

In other sector news:

(+) ZIOPHARM Oncology ( ZIOP ) was more than 3% higher after the US Food and Drug Administration granted fast track designation for its IL-12 program for the treatment of recurrent or progressive glioblastoma multiforme, a cancer of the central nervous system, in adults.

(-) MannKind ( MNKD ) was falling 8% on Monday, giving back a small early gain. The inhaled therapeutic products said it received a $12.5 milestone payment through it collaboration agreement with United Therapeutics ( UTHR ) to develop a hypertension treatment.

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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