Health Care Sector Update for 12/27/2018: AXSM, HSIC, BSX, JNJ, PFE, ABT, MRK, AMGN

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Top Health Care Stocks:

JNJ: -0.95%

PFE: -0.97%

ABT: Flat

MRK: -1.6%

AMGN: Flat

Health stocks were flat to lower pre-bell Thursday.

Moving stocks include:

(+) Axsome Therapeutics ( AXSM ), which was surging by more than 9% as it said in an update that just under 90% of the target number of subjects have been randomized in a phase 3 trial in treatment-resistant depression (TRD), with topline results anticipated in Q1.

In other sector news:

(=) Henry Schein Inc. ( HSIC ) was flat as its HS Spinco Inc. subsidiary has filed a Form S-4/S-1 registration statement with the US Securities and Exchange Commission related to the planned spinoff of the Henry Schein Animal Health business and the subsequent merger with Vets First Choice.

(=) Boston Scientific ( BSX ) was unchanged after it exercised its option to acquire the remaining shares of Santa Rosa, Calif.-based Millipede, Inc.

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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