Health Care Sector Update for 12/06/2018: APHA, CGC, RSLS, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: -0.66%

PFE: -0.69%

ABT: -1.15%

MRK: -1.04%

AMGN: -1.04%

Health care stocks were retreating pre-market Thursday.

Stocks moving on news include:

(-) Aphria ( APHA ), which was down nearly 14% as it appointed a special committee of independent directors to review the company’s completed acquisition of LATAM Holdings Inc. and confirm its belief that it conformed with policies and corporate governance practices.

(-) Canopy Growth Corporation ( CGC ) was lower by more than 8% as it finalized an all-cash transaction to acquire Storz & Bickel GmbH & Co. KG, related entities, and IP for 145 million euros.

(+) ReShape Lifesciences ( RSLS ) was up more than 3% as the medical device manufacturer said it is further expanding its ReShape Balloon weight loss business in the Middle East.

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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