Sector Update: Health Care Stocks Edge Lower Wednesday Afternoon

MT Newswires Live2024-11-13

Health care stocks were edging down Wednesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each easing 0.2%.

The iShares Biotechnology ETF (IBB) rose 0.2%.

In corporate news, Johnson & Johnson (JNJ) filed Tuesday a lawsuit seeking to stop the US Health Resources and Services Administration's attempts to block the company's rebate model under the federal 340B drug pricing program. Its shares added 0.2%.

Pulmatrix (PULM) shares surged more than 54% after the company said Wednesday it has reached a merger agreement with Cullgen.

Invizyne Technologies (IZTC) shares jumped 20% in recent trading in their Nasdaq debut.

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