Health Care Sector Update for 11/26/2018: EDGE, HMI, AZN, BHVN, MD

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Top Health Care Stocks:

JNJ: -0.6%

PFE: +0.02%

ABT: -0.09%

MRK: Flat

AMGN: +1.1%

Health care shares were mainly firmer ahead of the bell on Monday.

Expected movers:

– Edge Therapeutics ( EDGE ) rose 19% after it said it entered into a definitive merger agreement with PDS Biotechnology Corporation

– Huami ( HMI ) rose nearly 7% after reporting better-than-expected Q3 results

– AstraZeneca ( AZN ) rose marginally after it received Orphan Drug Designation ( ODD ) for Fasenra from FDA

Other news:

– Biohaven Pharmaceutical ( BHVN ) rose more than 1% after the FDA accepted its 505(b)(2) new drug application for BHV-0223

– Mednax (MD) acquired Bethesda Radiology Associates, Inc., a private radiology physician group based in Boynton Beach, Florida

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