Health Care Sector Update for 11/16/2018: HCM, VLRX, AZN, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: Flat

PFE: -0.32%

ABT: -1.4%

MRK: Flat

AMGN: -0.6%

Health care stocks were mostly flat early Friday.

Stocks moving on news include:

(-) Hutchison China MediTech ( HCM ), which was down by more than 14% after it said that a phase 3 clinical trial on fruquintinib to treat advanced non-small cell lung cancer failed to meet the primary endpoint of a significant increase in overall survival compared to placebo.

(-) Valeritas Holdings ( VLRX ) was falling more than 17% as the medical technology company priced an underwritten public offering of 75 million shares, of series A warrants to purchase 75 million shares, and of series B warrants to purchase 75 million shares.

(-) ADRs of AstraZeneca ( AZN ) were over 3% lower after the UK-based drug maker said results of a phase III trial for a non-small cell lung cancer treatment did not meet primary endpoints.

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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