Baby Boomers Could Make 2020 the Year of Health Care Stocks
At Fortune Magazine’s annual “Investor Roundtable,” CEO of Ritholtz Wealth Management, Josh Brown, called health care stocks “the fattest pitch that exists” in the market today. “In this earnings quarter, health care is the only ... [Read]
AMRN Stock Extends Rally as FDA Approves Vascepa Label Expansion
When a pharmaceutical company makes a positive announcement with regards to one of its products, then its stock almost always moves in the right direction. Something of the same nature is being hoped for with ... [Read]
RETA Stock Soars 157% in a Month: Are You Excited?
RETA stock has soared over 155% over the past month on multiple news from Reata Pharmaceuticals Inc (NASDAQ:RETA). Many pharmaceutical stocks have enjoyed significant gains this year, but there are very few stocks that have ... [Read]
WBA Stock Down as Walgreens Buyout Optimism Fades
WBA stock is trading down on Wednesday after rallying earlier this week on reports that the company was exploring a $70 billion USD privatization deal. Walgreens Boots Alliance (NASDAQ:WBA) has been facing a litany of ... [Read]
BGNE Stock Soars After Amgen Invests $2.7B in BeiGene
BGNE stock is on roll after Amgen Inc. (NASDAQ:AMGN) announced that it is investing around $2.7 billion in Chinese biotech company BeiGene Ltd (NASDAQ:BGNE). The company will take a 20.5% stake in the drug developer. ... [Read]
BIIB Stock Skyrockets as Investors Bet on Alzheimer’s Candidate
BIIB stock is having one of its biggest one-day gains in the past few years as Biogen Inc (NASDAQ:BIIB) plans on pursuing a regulatory application for the Alzheimer’s disease candidate aducanumab in the United States. ... [Read]
JNJ Stock Tanks Following Baby Powder Recall Over Asbestos Concerns
JNJ stock is down 6% today after Johnson & Johnson (NYSE:JNJ) recalled a single lot of its baby powder as a precaution after US government testing found trace amounts of asbestos in one bottle purchased ... [Read]
MCK Stock Gains on Reports of $18 Billion Opioid Settlement
MCK stock is up nearly 5% amid reports that McKesson (NYSE:MCK), along with AmerisourceBergen (NYSE:ABC) and Cardinal Health (NYSE:CAH), is considering an $18 billion USD settlement to end lawsuits relating to its role in contributing to ... [Read]
ACAD Stock Hits Multi-Year Highs on Impressive Data
ACAD stock is the biggest biotech stock gainer in Monday’s session after ACADIA Pharmaceuticals (NASDAQ:ACAD) announced successful results in its Phase 3 clinical trial of HARMONY. Big Relief for Investors When a pharmaceutical company announces ... [Read]
MDCO Stock Hits 2-Year High After Robust Clinical Data
When pharmaceutical companies manage to get highly positive results from clinical trials of one of their more important products, then it almost always has a positive impact on the stock price, and that is what ... [Read]