Health Care Sector Update for 11/21/2018: SYN, CYAD, JNJ, PFE, ABT, MRK, AMGN



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Top Health Care Stocks:

JNJ: -0.27%

PFE: -0.14%

ABT: Flat

MRK: +0.48%

AMGN: +0.54%

Health care stocks were narrowly mixed pre-market Wednesday.

Early movers include:

(+) Synthetic Biologics ( SYN ), which was surging more than 18% as the company said it successfully completed an end-of-phase 2 meeting with the US Food and Drug Administration on its ribaxamase for the prevention of Clostridium difficile infection.

In other sector news:

(-) The US Court of Appeals for the Federal Circuit denied Johnson & Johnson’s ( JNJ ) request to block low-cost versions of Zytinga from entering the US market while the pharmaceutical firm appeals a trial judge’s ruling that invalidated a patent on the blockbuster colorectal cancer drug, Bloomberg News reported. Johnson & Johnson stock was slightly lower in recent trading.

(=) Celyad SA ( CYAD ) was unchanged as it reported cash, cash equivalents, and short-term investments of EUR55.9 million ($63.73 million) as part of a Q3 business update.


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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