Health Care Sector Update for 12/10/2018: PRQR,MRNS,AXON

Shutterstock photo

Top Health Care Stocks

JNJ +0.10%

PFE +1.32%

ABT +1.59%

MRK +1.25%

AMGN +1.56%

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.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.

Wealth Empire Newsletter
Register now for free updates and alerts

Subscribe By

Note: I have the ability to revoke this permission at any time and ask for the removal of my personal data collected by contacting us or simply clicking Unsubscribe.