Health Care Sector Update for 12/13/2018: VBIV, AGTC, AMPE, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: +0.31%

PFE: +0.63%

ABT: -0.83%

MRK: +0.85%

AMGN: -0.09%

Health care stocks were little changed, with the NYSE Health Care Index and shares of health care companies in the S&P 500 both near their starting points for the session. Meanwhile, biotechnology stocks weren’t as fortunate. The Nasdaq Biotechnology index was down 1.5%.

Stocks moving on news include:

(-) VBI Vaccines ( VBIV ) was retreating by more than 11% after it priced its previously announced underwritten public offering of 26.8 million common shares, at $1.40 a share, 15.7% lower than the share closing price on Wednesday.

In other sector news:

(-) Applied Genetic Technologies ( AGTC ) was sinking 46% after it reported topline interim six-month data from its phase 1/2 clinical trial of rAAV2tYF-CB-hRS1, an investigational AAV-based gene therapy delivered via intravitreal injection for X-linked retinoschisis, or XLRS, due to mutations in the RS1 gene.

(-) Ampio Pharmaceuticals ( AMPE ) fell 6.4% after saying the US Food and Drug Administration’s Office of Tissue and Advanced Therapies has called on Ampio to complete an additional trial of KL4 osteoarthritis patients treated with Ampion.

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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