Health-care companies fell after mixed earnings from one major corporation.
Johnson & Johnson shares slipped after the maker of pharmaceuticals, medical devices and consumer health products posted a 25% drop in fourth-quarter profit, hurt by slower vaccine sales and the impact of a stronger dollar on the value of overseas sales.
Amazon.com is launching a new benefit for Prime members that offers unlimited access to commonly prescribed generic medications for $5 a month, in the e-commerce giant's latest foray into the health-care market.
PolyPid shares surged after the drug developer said it had received positive signals from the Food and Drug Administration on a treatment that would prevent certain surgical site infections.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-24-23 1727ET
