Health Care Sector Update for 12/17/2018: PTI, EVFM, BCLI, JNJ, PFE, MRK, ABT, AMGN

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Top Health Care Stocks:

JNJ: -2.50%

PFE: -0.34%

ABT: Flat

MRK: -0.42%

AMGN: Flat

Health care stocks were flat to lower in pre-market trading Monday.

Stocks moving on news include:

(+) Proteostasis Therapeutics ( PTI ), which was up more than 19% after the biopharmaceutical company said it has entered a worldwide, exclusive license agreement with Genentech for rights to potential therapeutic small molecule modulators of an undisclosed target within the proteostasis network.

(+) Evofem Biosciences ( EVFM ) was more than 13% higher as the company said its phase 3 trial of Amphora birth control met its primary endpoint.

(+) Brainstorm Cell Therapeutics ( BCLI ) was up more than 5% after it announced an investigational new drug application to initiate a phase 2 clinical trial of NurOwn for the treatment of progressive multiple sclerosis ( MS ) has been accepted by the US regulator.

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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