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

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Top Health Care Stocks

JNJ -0.42%

PFE +0.63%

ABT +0.46%

MRK +0.69%

AMGN +0.89%

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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