Health Care Sector Update for 11/19/2018: SNOA, GSK, PFE, MRK, ABT, AMGN, JNJ



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Top Health Care Stocks:

JNJ: Flat

PFE: +o.23%

ABT: Flat

MRK: -0.1%

AMGN: Flat

Health care stocks were showing little movement in Pre-bell trading Monday.

Early movers include:

(-) Sonoma Pharmaceuticals ( SNOA ), which was tumbling more than 22% after it priced a best efforts public offering of units, consisting of one share of common stock and one half of one warrant, at $1 per unit, a 9% discount to the stock’s closing price on Friday.

In other sector news:

(+) GlaxoSmithKline ( GSK ) was slightly up after it filed a supplemental Biologics License Application (sBLA) to the US Food and Drug Administration seeking an additional indication for the use of Nucala as an add-on treatment for severe eosinophilic asthma in pediatric patients aged six to 11 years.

(=) Pfizer ( PFE ) and Merck KGaA said the companies’ phase 3 trial of avelumab alone or in combination with chemotherapy failed to meet its primary endpoints of overall survival and progression-free survival in certain types of ovarian cancer. Pfizer was unchanged after the news.


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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