03:32 PM EDT, 04/02/2024 (MT Newswires) -- Health care stocks were lower late Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each dropping 1.6%.

The iShares Biotechnology ETF (IBB) fell 2.3%.

In corporate news, Acorda Therapeutics ( ACOR ) shares were tumbling 81.4%, a day after it signed an agreement to sell substantially all its assets to Merz Therapeutics for $185 million.