09:18 AM EDT, 07/16/2024 (MT Newswires) -- Health care stocks were higher pre-bell Tuesday as the Health Care Select Sector SPDR Fund ( XLV ) was up 0.3% and the iShares Biotechnology ETF ( IBB ) was 0.5% higher recently.

Silo Pharma ( SILO ) rallied past 116% after saying it has entered into an exclusive global license agreement to further develop, manufacture, and commercialize its Alzheimer's drug, SPC-14.

UnitedHealth ( UNH ) advanced by more than 2% after it reported higher Q2 adjusted earnings and revenue.

Conduit Pharmaceuticals ( CDT ) rose by over 56% after saying IP Australia approved its composition of matter patent application for its lead asset, HK-4 glucokinase activator, which targets various autoimmune diseases.