Health Care Sector Update for 12/11/2018: ENTX, AMGN, ITCI, NVS, JNJ, PFE, MRK, ABT

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Top Health Care Stocks:

JNJ: +0.65%

PFE: -0.72%

ABT: Flat

MRK: +0.74%

AMGN: +1.09%

Health care stocks were mixed in pre-bell trading Tuesday.

Early movers include:

(+) Entera Bio ( ENTX ), which was jumping by more than 21% after it unveiled a research collaboration and license agreement with Amgen ( AMGN ) in relation to inflammatory diseases as well as other serious illnesses.

(+) Intra-Cellular Therapies ( ITCI ) was up by more than 4% after saying that the Food and Drug Administration has accepted for review its new drug application for lumateperone for the treatment of schizophrenia.

In other sector news:

(+) Novartis ( NVS ) was 1% higher after its Sandoz division and Pear Therapeutics said they have secured clearance from the US Food and Drug Administration for reSET-O, a Prescription Digital Therapeutic, or PDT, for patients with opioid-use disorder.

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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