Sector Update: Health Care Stocks Edge Higher in Afternoon Trading

MT Newswires Live06-19

Health care stocks were edging up Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each rising about 0.1%.

The iShares Biotechnology ETF (IBB) was down 0.5%.

In corporate news, Silk Road Medical (SILK) shares surged almost 24% after it struck a deal for Boston Scientific (BSX) to acquire the medical device company for $27.50 per share, representing an equity value of about $1.26 billion.

DermTech (DMTK) sank 51% after it filed for Chapter 11 bankruptcy protection as part of its ongoing review of strategic options.

Sintx Technologies (SINT) said its board has started a process to explore potential strategic options for the firm. Its shares fell 2%.

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