Health Care Sector Update for 12/03/2018: TSRO, GSK, VNDA, GBT, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: +0.41%

PFE: +0.58%

ABT: +1.51%

MRK: +0.77%

AMGN: Flat

Health care stocks were edging higher pre-market Monday.

Early movers include:

(+) TESARO ( TSRO ), which was surging by 59% after the oncology-focused biopharmaceutical company agreed to be acquired by pharmaceutical giant GlaxoSmithKline ( GSK ) for approximately $5.1 billion.

(+) Global Blood Therapeutics ( GBT ) was 40% higher after the clinical-stage biopharmaceutical company said the US Food and Drug Administration has agreed with Global Blood’s proposal on use of an accelerated approval pathway for voxelotor for the treatment of sickle cell disease.

(+) Vanda Pharmaceuticals ( VNDA ) was up more than 15% after it said a phase 2 trial of the gastroparesis drug tradipitant met its primary endpoint, significantly reducing nausea, in patients with idiopathic and diabetic gastroparesis.

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