Health Care Sector Update for 07/08/2019: SGMO, PFE, ITCI, PRVL, JNJ, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: Flat

PFE: -0.39%

ABT: -0.39%

MRK: -0.12%

AMGN: Flat

Top health care stocks were mostly declining pre-bell Monday.

Early movers include:

(+) Sangamo Therapeutics ( SGMO ), which was surging more than 15% after the company and Pfizer ( PFE ) said the SB-525 experimental gene therapy for hemophilia A they developed showed promising results in a study. Pfizer, meanwhile, was slightly lower after the announcement.

(-) Intra-Cellular Therapies ( ITCI ) was down more than 15% after saying one phase 3 trial of lumateperone to treat bipolar depression met its primary endpoint while a second phase 3 trial did not. Both trials evaluated lumateperone as monotherapy in treating major depressive episodes associated with Bipolar I or Bipolar II disorder.

(+) Prevail Therapeutics ( PRVL ) was gaining more than 12% in value after the firm said the US Food and Drug Administration has granted a fast track designation to its lead gene therapy program for the treatment of Parkinson’s disease.

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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