03:32 PM EDT, 04/17/2024 (MT Newswires) -- Health care stocks ease in late Wednesday afternoon trading with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both decreasing 0.1%.

The iShares Biotechnology ETF (IBB) was down 0.5%.

In corporate news, Connect Biopharma ( CNTB ) is terminating its in-license agreement for CBP-174, an antiallergic, with Pfizer ( PFE ) , effective May, to optimize resources and extend its cash runway. Connect shares slumped 5.9%, and Pfizer ( PFE ) dropped 0.8%.