Merck & Co., Inc. (NYSE:MRK) presented additional data from an ongoing phase II study on its once-daily, all-oral hepatitis C virus (:HCV) combination regimen – MK-5172 (100 mg, a NS3/4A protease inhibitor) and MK-8742 (50 mg, a NS5A replication complex inhibitor). The additional data was presented at the annual meeting of the European Association for the Study of the Liver (:EASL). Investors reacted positively to the news with the stock moving up 3.74%. Merck & Co., Inc. (NYSE:MRK) shares after opening at $57.09 moved to $58.32 on last trade day and at the end of the day closed at $57.77 . Company price to sales ratio in past twelve months was calculated as 3.86 and price to cash ratio as 9.72. Merck & Co., Inc. (NYSE:MRK) showed a positive weekly performance of 3.96%.
Johnson & Johnson’s (NYSE:JNJ) Ethicon subsidiary asked a federal judge yesterday to block a bid to send a group of pelvic mesh product liability cases back to a state court in Philadelphia. Johnson & Johnson (NYSE:JNJ) shares advanced 0.18% in last trading session and ended the day on $100.18. JNJ return on equity ratio is recorded as 21.50% and its return on assets is 11.90%. Johnson & Johnson (NYSE:JNJ) yearly performance is 21.58%.
Novartis AG (ADR) (NYSE:NVS) announced plans to overhaul its business. The company plans to sell two units and buy another, in multiple transactions totaling $25 billion, which have the potential to increase to as much as $28.5 billion. Novartis AG (ADR) (NYSE:NVS) shares moved up 1.29% in last trading session and was closed at $86.56 while trading in range of $86.18 – $86.78 – Novartis AG (ADR) (NYSE:NVS) year to date (YTD) performance is 11.32%.
RadNet, Inc. (NASDAQ:RDNT) and the Kennedy Health System announced a multi-faceted agreement to provide radiology services throughout southern New Jersey. RadNet Inc. (NASDAQ:RDNT) weekly performance is 10.88%. On last trading day company shares ended up $4.89. RadNet Inc. (NASDAQ:RDNT) distance from 50-day simple moving average (SMA50) is 72.77%. Analysts mean target price for the company is $3.63.
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