03:33 PM EST, 03/05/2024 (MT Newswires) -- Health care stocks fell late Tuesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each dropping about 1%.

The iShares Biotechnology ETF (IBB) fell 1.1%.

In corporate news, Lexaria Bioscience's ( LEXX ) shares jumped 15% after the company said it's set to begin an eight-week animal study evaluating the diabetes and weight loss effects of DehydraTECH-processed glucagon-like peptide 1 drugs and DehydraTECH-processed cannabidiol formulations.