08:48 AM EDT, 07/03/2024 (MT Newswires) -- Health care stocks were advancing pre-bell Wednesday, with the Health Care Select Sector SPDR Fund (XLV) up 0.1% and the iShares Biotechnology ETF (IBB) was nearly 18% higher recently.

CureVac ( CVAC ) and GSK (GSK) said they restructured their partnership into a new licensing agreement that will allow each company to prioritize investment and focus on their mRNA development activities. CureVac ( CVAC ) rose more than 17% premarket.