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Health Care Down on Cyclical Bias -- Health Care Roundup

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06/13/2019 | 05:05pm EDT

Health-care companies fell as traders rotated into sectors perceived as more sensitive to economic cycles. Merger-and-acquisition activity in the health-care sector is set to rise, and biopharmaceutical giants Amgen, Biogen, Gilead and Novo Nordisk are in the best position to strike deals, according to credit-ratings firm Moody's Investors Service. Analysts at brokerage Cowen said Johnson & Johnson pursued a prudent legal course when it fought accusations about its marketing of opioid drugs in court in Oklahoma.

-Rob Curran, rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
AMGEN -0.64% 178.39 Delayed Quote.-8.36%
BIOGEN -0.41% 231.27 Delayed Quote.-23.15%
GILEAD SCIENCES -3.23% 65.04 Delayed Quote.3.98%
NOVO NORDISK AS 0.94% 322.05 Delayed Quote.7.08%
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