03:42 PM EDT, 05/28/2024 (MT Newswires) -- Health care stocks fell in late Tuesday afternoon trading with the NYSE Health Care Index falling 1.3% and the Health Care Select Sector SPDR Fund (XLV) shedding 1.4%.

The iShares Biotechnology ETF (IBB) dropped 1.3%.

In corporate news, Insmed ( INSM ) shares doubled after the company said its experimental drug brensocatib, a treatment for bronchiectasis lung disease, met its primary endpoint.