Health Care Sector Update for 12/10/2018: PRQR,MRNS,AXON
Top Health Care Stocks
Health care stocks reversed their prior declines this afternoon, with the NYSE Health Care Index advancing nearly 0.6% in late trade. The shares of health care companies in the S&P 500 also were up almost 0.4% as a group while the Nasdaq Biotechnology index rose over 0.4% today.
Among health care stocks moving on news:
(-) ProQR Therapeutics N.V ( PRQR ) closed just over 5% higher late on Monday after the specialty drug maker said it received a $3.5 million (EUR4.7 million) innovation credit from the Dutch government to assist with clinical development and marketing approval of its QR-110 product candidate to treat patients with Leber’s congenital amaurosis 10, a genetic eye disease that is the leading cause of childhood blindness.
In other sector news:
(+) Marinus Pharmaceuticals ( MRNS ) was 2.5% higher after the biopharmaceutical company reported positive results for intravenous and oral forms of its ganaxolone drug candidate in a study treating women with postpartum depression.
(-) Axovant Sciences ( AXON ) plunged 29% after saying its nelotanserin experimental treatment for REM sleep behavior disorder in patients with Lewy body dementia failed to meet the primary efficacy endpoint of reduction in frequency of deep-sleep disturbances measured with video assessments.
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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