Health Care Sector Update for 12/12/2018: SGYP, NBIX, MRNS, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: +0.66%

PFE: +0.59%

ABT: Flat

MRK: Flat

AMGN: +1.15%

Health care stocks were flat to higher pre-bell Wednesday.

Stocks moving on news include:

(-) Synergy Pharmaceuticals ( SGYP ), which was sinking by more than 46% after reporting that it has initiated Chapter 11 bankruptcy proceedings to facilitate the company’s sale and address its debt obligations.

(-) Neurocrine Biosciences ( NBIX ) was more 18% lower after coming off a trading halt early Wednesday as the company said topline data from a study demonstrated that valbenazine “did not meet” the primary endpoint in children and adolescents with moderate to severe Tourette syndrome.

(-) Marinus Pharmaceuticals ( MRNS ) was falling more than 10% after it said that it intends to offer and sell 12,000,000 shares of its common stock in an underwritten public offering, with all of the shares in the offering to be sold by the company.

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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