08:54 AM EDT, 04/10/2024 (MT Newswires) -- Health care stocks were declining premarket Wednesday as the Health Care Select Sector SPDR Fund (XLV) was down 1% and the iShares Biotechnology ETF (IBB) was nearly 2% lower recently.

Royal Philips (PHG) said its Philips Respironics subsidiary will continue to prioritize completing the remediation of the sleep and respiratory care devices under the unit's voluntary June 2021 recall. Royal Philips was up 0.6% pre-bell.