Health Care Sector Update for 11/15/2018: QURE, EXEL, AVEO, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: Flat

PFE: -0.40%

ABT: Flat

MRK: – 0.15%

AMGN: Flat

Health care stocks were mostly flat in early Thursday trade.

Stocks moving on news include:

(+) uniQure ( QURE ), which was rallying more than 22% after reporting initial topline data from a phase 2b dose-confirmation study of AMT-061 for the treatment of patients with severe and moderately severe hemophilia B, which showed that therapeutic levels of Factor IX activity were achieved and sustained in all three enrolled patients at six weeks after dosing.

(+) Exelixis ( EXEL ) was up by more than 4% after its partner Ipsen secured the European Commission’s approval for Cabometyx tablets as a monotherapy for hepatocellular carcinoma in adults previously treated with sorafenib.

In other sector news:

(-) Aveo Oncology ( AVEO ) was down by over 1% as the company said it is set to receive a $2 million milestone payment from EUSA Pharma due to the commercial launch in Germany of Fotivda (tivozanib) to treat adult patients with advanced renal cell carcinoma (RCC).

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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