Health Care Sector Update for 12/14/2018: KANG, AXON, MDCO, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: -0.50%

PFE: -0.61%

ABT: Flat

MRK: +0.70%


Health care stocks were mostly lower in Friday’s pre-market trading .

Moving stocks include:

(+) iKang Healthcare Group ( KANG ), which was higher by more than 10% after it announced a third amendment on its merger agreement with IK Healthcare Investment.

(-) Axovant Sciences Ltd ( AXON ) was more than 4% lower after it commenced an underwritten public offering of its common shares.

In other sector news:

(=) The Medicines Company ( MDCO ) was unchanged after it priced its public offering of $150 million of 3.5% convertible notes due 2024 in a private placement to qualified institutional buyers.

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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