01:52 PM EDT, 04/01/2025 (MT Newswires) -- Health care stocks were in the red Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each falling about 1.3%.

The iShares Biotechnology ETF (IBB) dropped 1.6%.

In corporate news, Eli Lilly ( LLY ) has sued Strive Pharmacy and Empower Clinic Services, demanding that the drug compounders stop selling products with tirzepatide, the active ingredient in its weight-loss and diabetes drugs Zepbound and Mounjaro, Reuters reported. Lilly shares were down 1.6%.