Sector Update: Health Care Stocks Edge Higher Premarket Monday

MT Newswires Live2025-01-06

Health care stocks were higher in Monday's premarket hours, with the Health Care Select Sector SPDR Fund (XLV) and the iShares Biotechnology ETF (IBB) each advancing by 0.3% recently.

Regional Health Properties (RHE) and SunLink Health Systems (SSY) said they have agreed to merge in an all-stock deal. Regional Health shares soared more than 214% and SunLink Health shares were over 24% higher in recent premarket activity.

SciSparc (SPRC) announced the publication of a European patent application that its collaboration partner Clearmind Medicine (CMND) submitted with the European Patent Office for a binge behavior psychedelic combination treatment. Shares of SciSparc surged past 68% and Clearmind Medicine shares rose by over 6% pre-bell.

CytoMed Therapeutics (GDTC) shares were up over 20% after the company said it has signed a five-year business and research collaboration deal with SunAct Cancer Institute to explore the efficacy, potency, safety, and tolerability of CytoMed's proprietary allogeneic gamma delta T cells to treat different cancers.

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