09:10 AM EDT, 09/17/2024 (MT Newswires) -- Health care stocks were steady premarket Tuesday as the Health Care Select Sector SPDR Fund ( XLV ) and iShares Biotechnology ETF ( IBB ) were recently inactive.

AC Immune SA ( ACIU ) shares advanced nearly 6% after the company said it will receive a second milestone payment of 24.6 million Swiss francs ($29.1 million) under its agreement with Johnson & Johnson ( JNJ ) subsidiary Janssen Pharmaceuticals.

Henry Schein (HSIC) shares were over 2% higher after the company said it reached an agreement to be the exclusive distributor of Swiss company vVARDIS' drill-free Curodont Repair Fluoride Plus product to larger dental service organizations in the US.

BridgeBio Pharma ( BBIO ) shares were up more than 2% after the company said the US Food and Drug Administration has granted Breakthrough Therapy Designation to oral infigratinib, which the biopharmaceutical company is developing to treat children with achondroplasia.