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Health Care Up Sharply After Strong J&J Earnings -- Health Care Roundup

10/19/2021 | 02:44pm EST

Health-care companies rallied after strong earnings.

Johnson & Johnson's sales climbed a stark 11% in the third quarter, reflecting as more doctor's visits and medical procedures drove sales of medical devices and pharmaceuticals that had slowed when the pandemic disrupted the health-care industry.

An oral Covid-19 treatment developed by Atea Pharmaceuticals failed to prove efficacy in a midstage trial, triggering a plunge in the company's shares.

Shares of Swiss drug giant Roche Holding, which co-developed the Covid pill, fell after results showed the treatment didn't cut viral load in nonhospitalized patients with mild to moderate symptoms.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

10-19-21 1644ET

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