Health Care Sector Update for 12/06/2018: KNSA, EARS, SUPN



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Top Health Care Stocks

JNJ, -0.9%

PFE, -1.4%

MRK, -0.4%

ABT, -1.2%

AMGN, -0.6%

Health care stocks extended their declines through Thursday’s afternoon trading, with the NYSE Health Care Index dropping to a 1.6% retreat this afternoon while shares of health care companies in the S&P 500 were down 1.4% as a group.

In company news, Kiniksa Pharmaceuticals ( KNSA ) shares fell more than 14% after the company said the U.S. Food and Drug Administration placed its recently submitted new drug application for mavrilimumab on clinical hold. The FDA requested for additional information regarding the delivery device to be used in Kiniksa’s phase 2 clinical trial of mavrilimumab in giant cell arteritis. The company clarified that the device-related information request is not connected to preclinical toxicology data nor the design of the phase 2 trial.

In other sector news,

(+) Auris Medical ( EARS ) Receives an orphan drug designation and agreed to acquire certain patents on betahistine.

(-) Supernus Pharmaceuticals ( SUPN ) Two phase 3 studies of SPN-812, aimed to treat attention deficit hyperactivity disorder, or ADHD, in children, achieves primary endpoints


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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