Health Care Sector Update for 12/10/2018: RARX,MRNS,AXON
Top Health Care Stocks
Health care stocks were paring their prior declines this afternoon, with the NYSE Health Care Index sliding 0.1% in recent trade. Shares of health care companies in the S&P 500 were down 0.1% as a group, while the Nasdaq Biotechnology index was slipping less than 0.1%.
Among health care stocks moving on news:
(+) Ra Pharmaceuticals ( RARX ) was 5% higher after reporting positive results from Phase II testing of its zilucoplan candidate for the treatment of generalized myasthenia gravis.
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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